The total value of Australia’s housing stock was $11.3 trillion as of March 31, 2025, according to CoreLogic, with the average home worth exactly $1 million. The surge in average home values to $1 million has notionally made Australians some of the wealthiest people on earth. For example, the UBS Global Wealth Report ranked Australian
The post Australia’s housing bubble impoverishes nation appeared first on MacroBusiness.