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Are Aussies really buying $1 Billion worth of Properties each day? - featured image
By Michael Yardney

Are Aussies really buying $1 Billion worth of Properties each day?

We know the property markets are booming around Australia, but I was shocked when I read that we’re buying close to $1billion worth of properties every day.

Then I drilled down into the numbers...

A record $31 billion of finance flooded into our property markets in April alone!

Finance approvals

As you can see from the chart above, the vast majority was to owner occupiers, but clearly more investors are coming back into the market as the number of First Home Buyers is receding.

In April 25.9% of all finance approvals was to investors, still considerably below the average percentage of investor loans over the last decade which was 35%.

Let’s put things into perspective

According to Corelogic:

  1. There are 10.6 million dwellings in Australia with a total value of $8.4 trillion.
  2. The total outstanding mortgage debt against these properties is $1.9 trillion -  a loan to value ratio of around 28%.
  3. 53% of Australian household wealth is held in housing.
  4. Over 553,000 property sales occur each year.

Australia's housing markets

And in the three months to May, national values rose 7%, which is the highest quarterly growth rate since November 1988.

housing boom


About Michael Yardney Michael is the founder of Metropole Property Strategists who help their clients grow, protect and pass on their wealth through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and one of Australia's 50 most influential Thought Leaders. His opinions are regularly featured in the media.

With a BILLION dollars being paid for property every day that's a lot of revenue going into GOVERNMENT COFFERS through STAMP DUTIES etc. So therefore why isn't the Govt. FED or State helping first home buyers buy their first home .First home buyers ...Read full version

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