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CoreLogic’s Monthly Housing Chart Pack, released earlier this week, shows that the total value of Australia’s housing stock has risen to a whopping $8.8 trillion dollars:
Housing dominates economy.
This dwarfs other asset classes, with real estate valued at more than Australia’s total superannuation wealth ($3.1 trillion), listed stocks ($2.8 trillion) and commercial real estate ($978 billion) combined.
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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.
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