Residential real estate reaches $6.7 billion while capital gain remain strong: CoreLogic

Residential real estate reaches $6.7 billion while capital gain remain strong: CoreLogic
Staff reporterDecember 7, 2020

Residential real estate wealth has reached $6.7 trillion, according to CoreLogic.

This is followed by Australian superannuation worth $2.1 trillion, Australian listed stocks worth $1.7 trillion and finally commercial real estate reaching $0.88 trillion.

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Capital gain has slowed compared to September 2010 when it was at its peak, however it is still remaining strong with capital gain from dwelling at seven percent. The median price for homes is at $600,000 while for units it is $510,000.

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Darwin and Perth continue to experience a decline in capital gain while other capital cities continue to grow. Darwin has declined by six percent while Perth has declined by seven percent.

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