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Cotality’s latest chart pack reported that the value of Australia’s residential housing stock has risen to $11.8 trillion spread across 11.4 million dwellings.
As a result, the average dwelling in Australia is now valued at an extraordinary $1,035.000:
Source: Cotality
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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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