Hall of Famer
- Aug 14, 2011
- AFL Club
- West Coast
- Other Teams
- Mclaren Mercedes F1
The Australian Bureau of Statistics says the value of the nation's housing stock surpassed $9 trillion for the first time in the September quarter.
"By comparison, the previous increase of just over $1 trillion took 15 months, rising from $7.2 trillion in the December quarter 2019 to $8.4 trillion in the March quarter 2021."
The ABS residential property prices index shows house prices rose 5.7 per cent in the September quarter, while attached dwelling prices rose 3.1 per cent.'
The only way house values will fall is if the cost of borrowing increases.
Secure and affordable housing is fundamental to the wellbeing of Australians. Home ownership continues to be a widely held aspiration in Australia, providing owners with security of housing tenure...