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Sunday, 11 December 2016

RBA sees housing prices rising again

Chart Pack

The Reserve Bank's Chart Packs to 1 December showed housing prices starting to pick up the pace again.

Despite talk of Australia 'turning Japanese' and a 'lost decade' household net wealth is actually at a record high, even as assessed against our own record high incomes. 

Average wealth per adult in Australia is now the second highest in the world, behind only Switzerland.

On Tuesday I'll look at the ABS 'official' house price indexes for Q3 2016, in much more detail.