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Lack of Stock drives Residential prices up 5% to Over $9 trillion

The total value of Australia’s 10.7 million residential dwellings rose by $487.0 billion to $9,259.2 billion in the September quarter 2021, according to figures released today by the Australian Bureau of Statistics (ABS). The mean price of residential dwellings in Australia was $863,700, up from $821,700 in the June quarter …

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Dwelling approvals decline in October

The seasonally adjusted number of dwellings approved fell 12.9 per cent in October, following a 3.9 per cent fall in September, but still remained above pre-pandemic levels, according to data released today by the Australian Bureau of Statistics (ABS).

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Owner-occupier lending continued to fall in September

The value of new loan commitments for housing fell 1.4 per cent in September 2021 (seasonally adjusted), driven by a 2.7 per cent fall in new owner-occupier loan commitments, according to statistics released today by the Australian Bureau of Statistics (ABS).

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