US EditionAustralia bet its economy on housing and lost
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Australia bet its economy on housing and lost
I noted recently how Australia’s housing obsession has gradually choked the economy. The Australian Bureau of Statistics (ABS) reported that Australia’s housing stock was valued at a record $11,032.2 billion in 2024, with the average home valued at $976,800. According to CoreLogic’s most recent monthly chart pack, Australia’s housing stock was valued at $11.3 trillion as
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