Housing’s $9 trillion question
When Covid-19 hit Australia in early 2020 and house prices weakened for a couple of months, many pundits, including the big banks, predicted a market crash with price falls of 15% to 30%. How wrong they were! Indeed, Australian dwelling prices increased 20.3% in the year to September, which is the highest rate of annual appreciation since June 1989, according to CoreLogic.
“The value of Australian residential real estate has surpassed $9 trillion dollars over September. This comes just
