Someone Just Searched For
Agents In

Australian housing market now valued at $6 trillion

Agent Select / Property News / Australian housing market now valued at $6 trillion

Buoyant market conditions have produced a sterling result for Australia's property market with $2 trillion added to the market since 2009; this now brings the total value of the market to $6.0 trillion.

The Australian housing market reached a new milestone in July with the overall value of housing (excluding vacant land) breaking through the $6 trillion mark.

Prior to lunging into the detail about where most of this value is concentrated and how it has shifted, it is worthwhile refreshing ourselves on exactly what one trillion is. One trillion is a thousand billions or a million millions - we are talking big numbers here. 

The debt held against that $6 trillion is only (approximately) $1.49 trillion (as at June 2015), so the value of the asset class is worth more than four times the debt held against it.

Read the full article at Core Logic
Compare Agents in your area

Compare Agents in your area

We organise up to 3 of the best performing local Agents to appraise your property in an online report

Secure the best deal

Secure the best deal

Agent Select can then help negotiate the best deal. We can save you thousands of dollars!

Get a Property Valuation

What's your property worth?

Find out what your property is worth, current market conditions, suburb trends and recent sales.

Chat it over with our property expert Paul. Our local office number is 1300 040 463.

Whilst we strive to give you the best possible online experience, sometimes it's just nice to chat on the phone with a real person.

As Seen on TV

Home Lifestyle
One
Go
7 Flix
9 Life
Gem

Finding Your Property Information

This should only take a few seconds