Australia’s housing valuation bottoms-out

The ABS on Tuesday released its property price data for the June quarter, which valued Australia’s dwelling stock owned by households at $6.31 trillion, whereas the total housing stock was valued at $6.61 trillion.

As shown below, the total value of Australia’s dwelling stock owned by households was 6.93 times employee incomes as at June, down from the peak of 7.76 times incomes in June 2017, whereas the total housing stock was valued at 7.26 times employee incomes, down from 8.13 times incomes in June 2017:

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