Australian property market – four times the size of Australia’s GDP. This Australian property market has now surpassed the $8 trillion figure… that’s right $8,000,000,000,000 !! According to CoreLogic’s trusted research, the Australian property market is currently collectively valued at $8.1 trillion dollars as at the end of April 2021.
CoreLogic head of research Eliza Owen said that puts the value of residential property at:
- Four (4) times the size of Australia’s Gross domestic product (GDP)
- $1 trillion more than the combined value of Australia’s stock market, superannuation savings and commercial real estate stock all put together
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May 2021
