Australian Housing Value Now More Than $10 Trillion

The Australia’s housing market has reached another remarkable milestone, achieving more than $10 trillion in total dwelling stock value, meaning it has risen a staggering $2.3 trillion dollars through 2021, half a trillion dollar a quarter.

The Australian housing market continue to widen the gap and remain the largest store of value/wealth in Australia, 4 x the value of the Australia share market and 3 x the value of Australians’ super holdings.

The recent Westpac-Melbourne Institute consumer sentiment survey however shown that 55% of consumers are expecting rates to rise this year.

And according to Westpac Senior Economist, Matthew Hassan, this expectation will likely to slow the market down, for the least, the days of half a trillion a quarter value gains are behind us.

Want to know how previous interest rate hikes impacted dwelling prices? Read “Will House Prices Plunge If Rates Increase?”