has reached another record - passing $10 trillion in value for the first time in history.
“Over the past year, growth in median prices in regional NSW and Victoria has outpaced growth in their capital cities for both houses and attached dwellings,” Marquardt said. South Australia, Western Australia, Tasmania, the ACT and the Northern Territory account for the remaining 16.4 per cent.The mean price of a residential dwelling now $941,900, up from $925,300 in the December quarter.
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Australia's housing market now worth $10 trillion: ABSThe total value of Australia&x27;s residential dwellings has hit a new high, with dwellings surpassing $10 trillion for the first time. No, it’s not WORTH 10 trillion nor is the dollar worth a dollar anymore. 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.
Source: 9NewsSyd - 🏆 23. / 51 Read more »
Australia's housing market now worth $10 trillion: ABSThe total value of Australia&x27;s residential dwellings has hit a new high, with dwellings surpassing $10 trillion for the first time. No, it’s not WORTH 10 trillion nor is the dollar worth a dollar anymore. 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.
Source: 9NewsSyd - 🏆 23. / 51 Read more »