US EditionAustralia has sold its soul for a housing bubble
Summary by macrobusiness.com.au
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Australia has sold its soul for a housing bubble
Australia’s property obsession is slowly strangling the nation’s economy. According to the Australian Bureau of Statistics (ABS), the total value of Australia’s housing stock reached a record high of $11,032.2 billion at the end of 2024, with the average home valued at $976,800. CoreLogic’s latest monthly chart pack valued Australia’s housing stock at $11.3 trillion as
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