Brighter And some

Aussies pump $6.4 trillion into real estate

by Kate Watt, Marketing Manager 24 February 2016

Despite talk of a slowing national property market, residential real estate well and truly remains the bedrock underpinning Australia’s household wealth.

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:

Consider yourself now ready to impress your friends at your next property trivia night.

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