Australian Home Owners Becoming Millionaires -- Market Talk

Dow Jones

06-10

0525 GMT - Declining housing affordability in Australia has been a pressing issue for decades, but there seems to be no stopping the rise in prices. The total value of Australia's residential dwellings rose by 1.2% to $11.4 trillion Australian dollars in 1Q25, according to the Australian Bureau of Statistics. It meant the national mean price of residential dwellings passed A$1 million for the first time in the quarter, rising 0.7% to $1,002,500. Western Australia, South Australia and Queensland were the main drivers of the rise, with Queensland logging the second-highest mean price in Australia, behind New South Wales, the data shows. (james.glynn@wsj.com; @JamesGlynnWSJ)

(END) Dow Jones Newswires

June 10, 2025 01:25 ET (05:25 GMT)

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(james.glynn@wsj.com; @JamesGlynnWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 10, 2025 01:25 ET (05:25 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2542536137","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2542536137","pubTimestamp":1749533100,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0525 GMT - Declining housing affordability in Australia has been a pressing issue for decades, but there seems to be no stopping the rise in prices. 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The total value of Australia's residential dwellings rose by 1.2% to $11.4 trillion Australian dollars in 1Q25, according to the Australian Bureau of Statistics. It meant the national mean price of residential dwellings passed A$1 million for the first time in the quarter, rising 0.7% to $1,002,500. Western Australia, South Australia and Queensland were the main drivers of the rise, with Queensland logging the second-highest mean price in Australia, behind New South Wales, the data shows. (james.glynn@wsj.com; @JamesGlynnWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 10, 2025 01:25 ET (05:25 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}