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The New Daily
The New Daily
National
Matthew Elmas

Wealth rises with $140 billion property price surge in early 2023

Andrew Wilson Melbourne Alan Oster Housing Market CoreLogic Inflation RBA Sydney the Reserve Bank
10 News First – Disclaimer

Australia’s housing market has surged by $140 billion in early 2023 amid an extraordinary rebound in property prices that’s underpinning a rapid recovery in household wealth levels.

Australian Bureau of Statistics (ABS) figures published on Tuesday revealed the total value of residential dwellings reached $9.8 trillion over the March quarter, an increase of 2.6 per cent.

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