Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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Thursday, 11 February 2016

Housing market reaches $6.4 trillion

According to Core-Logic-RP Data's latest Chart Pack for February residential real estate has reached a total value of $6.4 trillion. 

The AFR reported yesterday that property investors "trounced" share market investors over the last decade, with Sydney and Melbourne property gaining 92 per cent while the share market spun its wheels in rising by only 1 per cent.

The ASX is officially in bear market territory and back to the same level it was at in 2006 having now declined by more than 20 per cent.

Fortunately tomorrow there is a raft of more interesting data for us to look at. 

Been a slow week!