World NewsAustralia NewsCost of Living

Real Estate Still the Cornerstone of Aussie Wealth, Despite Falling Returns

Residential real estate remains a popular passive investment vehicle, with property values rising to over $11 trillion in September 2024.
Save
Real Estate Still the Cornerstone of Aussie Wealth, Despite Falling Returns
A general view of housing in the southern suburbs in Sydney, Australia, on May 3, 2022. Brook Mitchell/Getty Images
Rex Widerstrom
Updated:

Australians are still investing most of their wealth in residential real estate despite lower returns compared to the stock market.

In the September 2024 quarter, the value of residential dwellings rose by $156.3 billion (US$96.86 billion) to over $11 trillion.

Rex Widerstrom
Rex Widerstrom
Author
Rex Widerstrom is a New Zealand-based reporter with over 40 years of experience in media, including radio and print. He is currently a presenter for Hutt Radio.