Wealth as safe as houses in Australia
Despite falling values over the past year, housing is still the backbone of national wealth
Despite falling values over the past year, housing is still the backbone of national wealth
Residential real estate is the foundation of Australia’s wealth, new data released by CoreLogic reveals.
The Monthly Housing Chart Pack shows residential real estate in Australia is far and away the main source of wealth, worth $9.4 trillion. This compares with $3.4 trillion for superannuation, $2.8 trillion for Australian listed stocks and $1.3 trillion for commercial real estate.
The results show that despite a recent downturn in national dwelling values over the past 12 months with a fall of -8.0 percent, housing still represents the most valuable source of wealth.
While the decline in values represents the greatest fall on record, there are signs that values are once again on the increase. CoreLogic reports that national values rose by 0.9 percent over the 28 days to April 6, driven by a lack of advertised stock, a tight rental market and demand from overseas migration.
Sydney experienced the greatest decline over 2022, with a drop in values of -12.1 percent, following a record high in January 2022. It is also leading the recovery, up 1.4 percent in March. This is followed by Melbourne and Brisbane, who have seen modest but steady improvements in values over March. Adelaide and Perth have proven to be less volatile markets, with Adelaide values -2.4 percent their record high in July 2022 and Perth -0.4 percent lower off their peak, also in July last year.
A haven for hedge-fund titans and Hollywood grandees, Greenwich is one of the world’s most expensive residential enclaves, where eye-watering prices meet unapologetic grandeur.
Rugged coastal drives and fireside drams define a slow, indulgent journey through Scotland’s far north.
For affluent homeowners, the laundry is no longer a utility space. It’s becoming a performance-driven investment in hygiene, longevity and seamless living.
In high-end homes, the most telling upgrades are no longer the obvious ones.
It’s not just the marble in the kitchen or the view from the terrace. Increasingly, it’s the rooms you don’t see, and how well they actually work.
The laundry is a perfect example.
Once treated as a purely functional space, it is now being reconsidered by architects and homeowners alike as a zone where performance, hygiene and design need to align.
And for buyers operating at the top end of the market, that shift is less about aesthetics and more about control.
Because in a home where everything is curated, inefficiency stands out.
ASKO’s latest “Laundry Care 2.0” range leans directly into that mindset, positioning the laundry as a long-term investment rather than a basic appliance purchase.
Built on more than 75 years of engineering, the Scandinavian brand’s latest systems focus on durability, precision and what is becoming a defining luxury in modern homes: quiet.
One of the more telling innovations is something most buyers would never think to question until it fails.
Traditional washing machines rely on rubber seals that trap dirt and bacteria over time. ASKO replaces that entirely with a steel solution designed to maintain a cleaner, more hygienic drum.
It’s not a headline feature. But it is exactly the kind of detail buyers tend to notice.
Then there is the issue of noise.
As open-plan living has become standard in prestige homes, the background hum of appliances has gone from unnoticed to intrusive.
ASKO’s suspension system is engineered to minimise vibration almost entirely, allowing machines to run without disrupting the wider home environment.
In practical terms, that means a load can run late at night without carrying through the house. In lifestyle terms, it means the home functions as intended.
The same thinking extends to the drying process. Uneven loads, tangled fabrics and repeat cycles are treated as inefficiencies rather than inconveniences, with technology designed to keep garments moving evenly and reduce wear over time.
For buyers, this is where the value proposition sharpens.
It is not about having more features. It is about removing friction.
Less maintenance. Less noise. Less time spent correcting what should have worked the first time.
In that sense, modern laundry is no longer just a utility. It is a reflection of how a home performs behind the scenes, and whether it lives up to the expectations set by everything else.
Because at this level, luxury is not just what you see.
It is what you don’t have to think about.
Rugged coastal drives and fireside drams define a slow, indulgent journey through Scotland’s far north.
On October 2, acclaimed chef Dan Arnold will host an exclusive evening, unveiling a Michelin-inspired menu in a rare masterclass of food, storytelling and flavour.