Aussie housing valuations continue to deflate

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By Leith van Onselen

The ABS yesterday released its property price data for the September quarter, which valued Australia’s dwelling stock owned by households at $6.58 trillion, whereas the total housing stock was valued at a record $6.85 trillion.

As shown below, the total value of Australia’s dwelling stock owned by households was 7.48 times employee incomes as at September 2018, down from the peak of 7.78 times incomes in the June quarter last year, whereas the total housing stock was valued at 7.78 times employee incomes, down from 8.19 times incomes in June 2017:

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.