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Australian Residential Homes Surpass $10 Trillion in Total Value

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Australian Residential Homes Surpass $10 Trillion in Total Value
An aerial view of suburban houses in Sydney, Australia, on April 22, 2020. Ryan Pierse/Getty Images
Alfred Bui
|Updated:

The total value of 10.8 million Australian residential homes has broken the $10 trillion (US$6.95 trillion) mark for the first time in the March quarter.

New data from the Australian Bureau of Statistics (ABS) indicated that the national dwelling value increased by $221.2 billion to $10.2 trillion during the period.
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Alfred Bui
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].
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