
Australian Home Values Hit Record $12.3T
About this episode
Australian home values reach a staggering $12.3 trillion, with a record-breaking $384 billion increase in Q4 2022. Western Australia leads with a 16.8% yearly rise, while the Northern Territory follows at 15.1%. Meanwhile, Angus Taylor warns of potential economic impacts from the Iran conflict, and the government plans to amend the Migration Act to block asylum seekers amid Middle East unrest.
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Sydney News Today | 2 Min News | The Daily News Now! — Australian Home Values Hit Record $12.3T. Machine-transcribed; use the interactive transcript above to jump the player to any line.
This is Cory with Sydney News today, powered by the Daily News now. Australian home values hit a record $12.3 trillion at the end of last year. New figures from the Australian Bureau of Statistics show the total value of all dwellings jumped $384 billion in the Primer. Final three months. That works out to nearly $3 billion a day. Prices rose 3.2% across the country in that quarter. The strongest gains since late 2021. Western Australia led with a 16.8% yearly increase, followed by the Northern Territory at 15.1% Queensland, at 13.9% in South Australia at 10.6%. The nation's biggest markets saw smaller lifts, with new South Wales up 3.6% and Victoria 3.4%. Meanwhile, opposition leader Angus Taylor told his MPs that the Iran conflict could hurt Australia's economy and fuel security.
The Greens zeroed in on plans for Australian troops during their party meeting. Separately, the government plans to tweet the Migration Act so the Home Affairs Minister can block entire groups of temporary visa holders from, arriving if they're seeking asylum amid Middle East unrest. This comes right after five Iranian women's soccer players escape their team at a gold coast hotel, and got humanitarian visas. Prime Minister Anthony Alvinis offered help to others on the team, saying Australia stands ready as advocates push for more to stay. Deand in a sponsored by our partner, check out the episode description. Your pillow, your podcast, your moment, made for listening in bed, S-O-L-L-I, soleypillow.com
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