Does Victoria's rollicking 1880s land boom have lessons for today?

Michael Cannon's book, The Land Boomers, contains three important lessons for anyone trying to understand today's property market

Housing asset prices have been rising again in Australia, defying interest rates and growing nearly 4% since they bottomed in February.

Though still far from their 2022 peaks in each city, it is possible that price growth will persist for some time yet.