The ABS yesterday released its property price data for the March quarter, which valued Australia’s dwelling stock owned by households at $7.9 trillion, whereas the total housing stock was valued at $8.3 trillion. As shown below, the ratio of the dwelling stock owned by households against Australian GDP hit a record 4.0 times as at
The post Aussie housing values now four-times larger than economy appeared first on MacroBusiness.
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]