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Australian housing market surpasses $9 trillion valuation
Just five months after reaching $8 trillion in value, CoreLogic has today announced its estimate of the total value of residential real estate in Australia has surpassed a new record of $9.1 trillion. The surge in value follows the recent broad-based capital gains witnessed across the country, with most housing markets now beyond their peak. CoreLogic Head of Research, Eliza Owen, says “The value of Australian residential real estate has surpassed $9 trillion dollars over September. This comes just five months after the market exceeded $8 trillion over April. “This puts housing values around 28.2% higher than the ... (full story)