Australia's median house price has moved to a record high, as house seekers now spend approximately $150,000 more than they did a year ago (2020) on the typical home. According to Homes.com.au figures, Australians will need to spend $955,927 when buying at our nation's median house price. This figure has increased 5.8 per cent across the quarter and a staggering 18.8 per cent over the year.
According to the Australian Bureau of Statistics (ABS), the total number of residential properties in Australia is 10.6 million (as of 15/06/2021).
The total value of Australia's residential properties is $8,293.2 billion, according to figures released today (15th June 2021) by the Australian Bureau of Statistics (ABS). These figures indicate an increase of $449.9 billion in the March quarter of 2021.