Australia's housing market now worth $10 trillion: ABS

Australian Bureau of Statistics

This means the average price of residential dwellings in Australia now stands at $941,900, up from $925,300 in the December quarter in 2021.ABS Head of Prices Statistics Michelle Marquardt said over the past year, growth in median prices in regional NSW and Victoria had outpaced growth in their capital cities for both houses and attached dwellings.

The ABS said the value of all dwellings in NSW combined is now $4.1 trillion, which is 40.1 per cent of the total value of dwellings in Australia.New data from the Australian Bureau of Statistics shows the total value of Australia's residential dwellings rose by $221.2 billion in the March quarter.

It's all going to crash and burn soon, hope all those who bought at the top of the boom have some money set aside for when their property falls into negative equity and their banks come knocking on their door.

No, it’s not WORTH 10 trillion nor is the dollar worth a dollar anymore.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Energy market operator caps Qld power price as crisis buildsAustralia’s national energy market operator has intervened to cap electricity wholesale prices in Queensland for what is thought to be the first time ever after a sustained period of extreme prices.
La source: FinancialReview - 🏆 2. / 90 Lire la suite »

Energy crisis: Market operator intervenes to avoid Queensland blackoutsAustralia’s east-coast energy crunch continues to deepen as a blow-out in power prices in Queensland forces the market operator to step in. blame LNP who was in power for a decade n they did nothing but brawling with National cabals Coal fired power is the most reliable energy source around , lack of maintenance is more like the problem. Get used to it, general public. Muppets carrying on like this is new. This was always going to be results of agressive & premature renewable push which has already pushed out coal generators, insecurely so, and left with a very unstable grid. It’s only going to get worse
La source: brisbanetimes - 🏆 13. / 67 Lire la suite »