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The New Daily
The New Daily
Matthew Elmas

‘Unbelievable boom’: Property wealth skyrockets by $2 trillion. Here’s how to cash in

Hugh Robertson
The collective value of residential housing in Australia jumped by $2 trillion in just one year. Photo: TND

Home owners are being urged to revalue their properties after new data revealed a massive surge in housing wealth over the past year.

The Australian Bureau of Statistics said on Tuesday that the value of Australia’s property portfolio skyrocketed to $9.9 trillion in 2021, driven by a record-shattering 23.7 per cent annual rise in property prices.

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