Instead, availability of land simply fed speculative activity, which has made the popping of the bubble much more painful.

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The area's wealth exploded in the late 19th Century because of its proximity to New York and the availability of land.

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Other demands include government commitments on affordable housing and sustaining balanced and vibrant communities and a review of the planning system to increase the availability of land for homes.

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The availability of labour and land has fallen, domestic capital is abundant, the local market is now understood to be among the most attractive in the world and sentiment has become more nationalistic and self-satisfied.

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