The value of our residential land and dwellings has now reached $6.4 trillion, according to the February 2016 CoreLogic RP Data Housing Market and Economic Update.
This is more than the value of superannuation (now at $2.3 trillion), Australian listed stocks ($1.6 trillion) and commercial real estate combined ($0.7 trillion), CoreLogic RP Data reports.
These are interesting figures to ponder over a morning coffee and prove the Aussie love affair with property is still alive and well.
Fancy some more delectable data as you make another coffee? Graze on these tidbits:
- Australia’s population reached 24 million this month (so we’ll need more houses!).
- Close to 70 per cent of Australians are owner occupiers and almost a third own their home outright.
- The family home accounts for 42 per cent of household assets, making it our main source of wealth.
Consider yourself now ready to impress your friends at your next property trivia night.