Tuesday, 15 March 2022 12:52 PM GMT+11The value of Australia's housing market now stands at close to $10 trillion after growing at the fastest annual pace in at least 18 years during 2021.
In the December quarter of last year, the mean price of residential dwellings in Australia was $920,100, up from $876,100 in the September quarter 2021. Labor has promised a $10 billion Housing Australia Future Fund to build social housing and affordable housing should it win the federal election due in May.
It estimates that 1.66 million houses will need to be built by 2030 just to keep up with the demand from population growth.
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