A new index from the Australian Bureau of Statistics has revealed that the total value of the country’s residential dwellings breached $10 trillion for the first time early this year.
In the 12 months to March 31, national housing values rose 21 per cent, increasing from $8.4 trillion to $10.2 trillion.
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Martin Kelly is a property reporter based in Sydney covering all aspects of commercial and residential real estate including major deals, market trends and developments. Email Martin at martinkelly@afr.com
