The ABS on Tuesday released its property price data for the June quarter, which valued Australia’s dwelling stock owned by households at a record $6.39 trillion, whereas the total housing stock was valued at a record $6.73 trillion.
As shown below, the total value of Australia’s dwelling stock owned by households was an all-time high 7.7 times employee incomes as at June 2017, up from 7.2 times incomes a year prior, whereas the total housing stock was valued at 8.2 times employee incomes:
