Aussie housing valuations obliterate all records

By in Australian Property

| 19 comments

By Leith van Onselen

The ABS on Tuesday released its property price data for the June quarter, which valued Australia’s dwelling stock owned by households at a record $6.39 trillion, whereas the total housing stock was valued at a record $6.73 trillion.

As shown below, the total value of Australia’s dwelling stock owned by households was an all-time high 7.7 times employee incomes as at June 2017, up from 7.2 times incomes a year prior, whereas the total housing stock was valued at 8.2 times employee incomes:

Similarly, the ratio of the dwelling stock owned by households against Australian GDP hit a record 3.6 times as at June 2017, up from 3.5 times GDP a year prior, whereas the total housing stock was valued at 3.8 times GDP:

When divided by Australia’s population, Australia’s dwelling stock owned by households was worth a record high $260,000 per head of population:

Australia’s capital city house prices also rose to a record high 32-times times rents as at August 2017, up from 31-times rents a year earlier, according to CoreLogic. As expected, this was led by Melbourne and Sydney, where valuations are extreme:

The bubble continues to inflate, driven by Sydney and Melbourne!

[email protected]

Comments are hidden for Membership Subscribers only.