The ABS reported on Friday that the total value of residential land was $3.433 trillion as at June 2014 up 13.7% year-on-year

The ABS reported on Friday that the total value of residential land was $3.433 trillion as at June 2014 up 13.7% year-on-year. Earlier in their June 2014 residential property price index release they reported that the total value of residential dwellings was $5.196 trillion up 10.5% year-on-year. This suggests that the land component is worth around 2/3 of the total value of dwellings nationally.


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