Total value of Australian residential dwellings tops $10 trillion for the first time
The total value of Australia’s residential dwellings rose by $221.2 billion in the March quarter 2022, according to figures released by the Australian Bureau of Statistics (ABS) on 14 June, 2022. This brought the total value of Australia’s 10.8 million dwellings to $10.2 trillion for the first time. Michelle Marquardt, Head of Prices Statistics at the ABS, said, “The total value of residential dwellings rose $1.8 trillion in the 12 months to the March quarter 2022 from $8.4 trillion in the March quarter 2021.” NSW accounted for 40.1%, or $4.1 trillion, of Australia’s total value of dwellings, followed by Victoria with 26.9% ($2.7 trillion) and Queensland with 16.7% ($1.7 trillion). […]
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NSW Parliament approves historic Electronic Conveyancing reforms
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