Queensland's average dwelling price passes $1 million

Media Release

Released

2/12/2025

Source

Total Value of Dwellings, September Quarter 2025

Release date and time

02/12/2025 11:30am AEDT

The total value of Australia’s residential dwellings rose by $317.0 billion or 2.7 per cent to $11.9 trillion in the September quarter 2025, according to figures released today by the Australian Bureau of Statistics (ABS).

Dr Mish Tan, ABS head of finance statistics, said: ‘Queensland is the second state after New South Wales with a mean dwelling price of over $1 million, following a rise of 3.5 per cent or $33,900 in the September quarter 2025. The mean price of dwellings in Queensland is now $91,400 higher than September quarter 2024.’

Total value of dwelling stock, Australia
	Total value of dwelling stock ($b)
Sep-20	7,469.6
Dec-20	7,848.9
Mar-21	8,302.3
Jun-21	8,726
Sep-21	9,325.8
Dec-21	9,914.2
Mar-22	10,094.1
Jun-22	10,028.7
Sep-22	9,730
Dec-22	9,773.3
Mar-23	9,803.4
Jun-23	10,101.6
Sep-23	10,252.7
Dec-23	10,563.9
Mar-24	10,736.1
Jun-24	11,000.3
Sep-24	11,053.4
Dec-24	11,319.5
Mar-25	11,409.4
Jun-25	11,611.4
Sep-25	11,928.2

Total value of dwelling stock, Australia

[" ","Total value of dwelling stock"]

[["Sep-20","Dec-20","Mar-21","Jun-21","Sep-21","Dec-21","Mar-22","Jun-22","Sep-22","Dec-22","Mar-23","Jun-23","Sep-23","Dec-23","Mar-24","Jun-24","Sep-24","Dec-24","Mar-25","Jun-25","Sep-25"],[[7469.6],[7848.9],[8302.3],[8726],[9325.8],[9914.2],[10094.1],[10028.7],[9730],[9773.3],[9803.4],[10101.6],[10252.7],[10563.9],[10736.1],[11000.3],[11053.4],[11319.5],[11409.4],[11611.4],[11928.2]]]

[]

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The mean price of residential dwellings rose in all states and territories, with the largest rises seen in Western Australia (4.5 per cent or $40,800), Queensland (3.5 per cent or $33,900) and the Northern Territory (5.3 per cent or $28,400).

Mean dwelling price, states and territories
	NSW ($'000)	VIC ($'000)	QLD ($'000)	SA ($'000)	WA ($'000)	TAS ($'000)	NT ($'000)	ACT ($'000)	Australia ($'000)
Sep-15	788.1	616.5	472.6	418.2	559.6	321.3	522.2	593.6	611
Dec-15	781.8	622.8	478.9	421.9	552.1	328.5	483.3	611.8	611.6
Mar-16	779.3	625.4	473.7	425.4	542.3	322.3	489.8	595.6	609.3
Jun-16	802	634.7	481.7	423.7	531.3	334.1	482	611.3	619.5
Sep-16	823.7	646.7	482.7	424.4	522.2	338.5	466.5	611.8	628.6
Dec-16	858.7	674.2	492.5	433.6	538.3	350.5	457.6	641.9	651.6
Mar-17	885.8	695.6	494	439.2	525	356	455.2	644.5	665
Jun-17	906.9	723.8	496.3	437.6	520.4	361.4	454	649.8	678.8
Sep-17	897.9	717.6	502	442.5	521.2	374.7	452.6	646.9	676.4
Dec-17	906.7	746.9	506.5	449.8	530.5	384.5	441.1	670.1	689.7
Mar-18	899.8	743.7	509.5	452.6	530.2	398.7	449.1	674.1	688
Jun-18	886.1	737.7	511.5	449.3	516.3	401.7	441.3	679.9	681.1
Sep-18	868.5	717.4	516	451.7	517.6	410.7	417.1	674.4	671.7
Dec-18	845.3	708.6	510.3	459.5	510.2	416.1	447.3	678.3	661.4
Mar-19	825.7	683	501	457.8	506	411.5	431.5	670.9	646
Jun-19	827.5	690.9	506.7	454.5	500.4	423.2	439.7	668.5	649.3
Sep-19	863.8	715.5	514.1	452.8	503.8	423.7	439.3	673.7	668.8
Dec-19	883.7	749.1	520.6	470.6	499.3	444.1	411.9	707	686.8
Mar-20	895.8	761.2	524.9	465.3	501.3	460.1	415.9	701.1	694.7
Jun-20	888	748.6	524.8	467.4	499.1	460.3	426.8	717.9	689.4
Sep-20	912.9	757.3	541.4	482.3	523.4	461.6	420.1	733	706.7
Dec-20	952.6	792.4	562.5	503	552.8	500.8	458.3	764	738.9
Mar-21	1,006.1	831.9	593.1	519.4	582.3	546.1	447.1	818.2	778.3
Jun-21	1,044.3	874.8	636.4	543.5	583.6	570.8	470.3	885.6	813.9
Sep-21	1,148.3	900.9	674.3	573.6	596.1	611.7	484.1	906.7	865.7
Dec-21	1,208.9	941.8	734.8	619.3	619.3	688.2	503.2	999.5	916.8
Mar-22	1,221.2	942.2	768.8	645.4	628.4	694.2	532.3	983.9	930.6
Jun-22	1,191.3	928.4	777.1	651.4	643.7	687	503.4	999.4	921.2
Sep-22	1,136.2	901.1	759.3	649.4	628.4	677.4	491.4	946.9	890.5
Dec-22	1,133.4	901.3	751.2	662.7	645.3	665.4	510.1	962.8	891
Mar-23	1,129.6	898.4	757.1	663.3	653.6	670.3	517.4	940.8	890.9
Jun-23	1,178.7	902.9	777.6	694.2	666.1	664.1	517.9	941.7	914.9
Sep-23	1,180.8	904.3	805.2	707.8	694.6	660.2	490.1	947.3	925.2
Dec-23	1,207.9	920.7	830.7	738.9	733.5	660.2	507.3	946.6	949.4
Mar-24	1,217.6	911.8	858.8	768	769	670.1	530.4	951.8	962.1
Jun-24	1,235.6	908.8	897.5	786	828.1	659.6	536.7	964.6	982.2
Sep-24	1,232.5	893.2	914.2	817.6	839.3	646.7	501	962.4	983.3
Dec-24	1,255.9	902.3	936.3	848.5	868.4	670.3	504.1	945.5	1,002.9
Mar-25	1,248.3	910.2	957.7	845.2	879.9	676.2	502.3	939.1	1,007.8
Jun-25	1,271.7	909.6	971.7	867.3	907.1	665.9	535.7	953	1,022.4
Sep-25	1,295.9	918.5	1,005.6	887	947.9	669.3	564.1	968.1	1,045.4

Mean dwelling price, states and territories

["","NSW","VIC","QLD","SA","WA","TAS","NT","ACT","Australia"]

[["Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20","Sep-20","Dec-20","Mar-21","Jun-21","Sep-21","Dec-21","Mar-22","Jun-22","Sep-22","Dec-22","Mar-23","Jun-23","Sep-23","Dec-23","Mar-24","Jun-24","Sep-24","Dec-24","Mar-25","Jun-25","Sep-25"],[[788.1],[781.8],[779.3],[802],[823.7],[858.7],[885.8],[906.9],[897.9],[906.7],[899.8],[886.1],[868.5],[845.3],[825.7],[827.5],[863.8],[883.7],[895.8],[888],[912.9],[952.6],[1006.1],[1044.3],[1148.3],[1208.9],[1221.2],[1191.3],[1136.2],[1133.4],[1129.6],[1178.7],[1180.8],[1207.9],[1217.6],[1235.6],[1232.5],[1255.9],[1248.3],[1271.7],[1295.9]],[[616.5],[622.8],[625.4],[634.7],[646.7],[674.2],[695.6],[723.8],[717.6],[746.9],[743.7],[737.7],[717.4],[708.6],[683],[690.9],[715.5],[749.1],[761.2],[748.6],[757.3],[792.4],[831.9],[874.8],[900.9],[941.8],[942.2],[928.4],[901.1],[901.3],[898.4],[902.9],[904.3],[920.7],[911.8],[908.8],[893.2],[902.3],[910.2],[909.6],[918.5]],[[472.6],[478.9],[473.7],[481.7],[482.7],[492.5],[494],[496.3],[502],[506.5],[509.5],[511.5],[516],[510.3],[501],[506.7],[514.1],[520.6],[524.9],[524.8],[541.4],[562.5],[593.1],[636.4],[674.3],[734.8],[768.8],[777.1],[759.3],[751.2],[757.1],[777.6],[805.2],[830.7],[858.8],[897.5],[914.2],[936.3],[957.7],[971.7],[1005.6]],[[418.2],[421.9],[425.4],[423.7],[424.4],[433.6],[439.2],[437.6],[442.5],[449.8],[452.6],[449.3],[451.7],[459.5],[457.8],[454.5],[452.8],[470.6],[465.3],[467.4],[482.3],[503],[519.4],[543.5],[573.6],[619.3],[645.4],[651.4],[649.4],[662.7],[663.3],[694.2],[707.8],[738.9],[768],[786],[817.6],[848.5],[845.2],[867.3],[887]],[[559.6],[552.1],[542.3],[531.3],[522.2],[538.3],[525],[520.4],[521.2],[530.5],[530.2],[516.3],[517.6],[510.2],[506],[500.4],[503.8],[499.3],[501.3],[499.1],[523.4],[552.8],[582.3],[583.6],[596.1],[619.3],[628.4],[643.7],[628.4],[645.3],[653.6],[666.1],[694.6],[733.5],[769],[828.1],[839.3],[868.4],[879.9],[907.1],[947.9]],[[321.3],[328.5],[322.3],[334.1],[338.5],[350.5],[356],[361.4],[374.7],[384.5],[398.7],[401.7],[410.7],[416.1],[411.5],[423.2],[423.7],[444.1],[460.1],[460.3],[461.6],[500.8],[546.1],[570.8],[611.7],[688.2],[694.2],[687],[677.4],[665.4],[670.3],[664.1],[660.2],[660.2],[670.1],[659.6],[646.7],[670.3],[676.2],[665.9],[669.3]],[[522.2],[483.3],[489.8],[482],[466.5],[457.6],[455.2],[454],[452.6],[441.1],[449.1],[441.3],[417.1],[447.3],[431.5],[439.7],[439.3],[411.9],[415.9],[426.8],[420.1],[458.3],[447.1],[470.3],[484.1],[503.2],[532.3],[503.4],[491.4],[510.1],[517.4],[517.9],[490.1],[507.3],[530.4],[536.7],[501],[504.1],[502.3],[535.7],[564.1]],[[593.6],[611.8],[595.6],[611.3],[611.8],[641.9],[644.5],[649.8],[646.9],[670.1],[674.1],[679.9],[674.4],[678.3],[670.9],[668.5],[673.7],[707],[701.1],[717.9],[733],[764],[818.2],[885.6],[906.7],[999.5],[983.9],[999.4],[946.9],[962.8],[940.8],[941.7],[947.3],[946.6],[951.8],[964.6],[962.4],[945.5],[939.1],[953],[968.1]],[[611],[611.6],[609.3],[619.5],[628.6],[651.6],[665],[678.8],[676.4],[689.7],[688],[681.1],[671.7],[661.4],[646],[649.3],[668.8],[686.8],[694.7],[689.4],[706.7],[738.9],[778.3],[813.9],[865.7],[916.8],[930.6],[921.2],[890.5],[891],[890.9],[914.9],[925.2],[949.4],[962.1],[982.2],[983.3],[1002.9],[1007.8],[1022.4],[1045.4]]]

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Further details can be found in Total Value of Dwellings, available for free download from the ABS website.

Media notes

The value and price of residential dwellings includes any land.
Estimates for the current quarter are preliminary. Revisions apply to the second and third most recent quarters (see Revisions, under Total value of dwelling stock, in the Methodology).
When reporting ABS data you must attribute the Australian Bureau of Statistics (or the ABS) as the source.
For media requests and interviews, contact the ABS Media Team on 1300 175 070 or media@abs.gov.au (monitored 8:30am-5pm Canberra time, Monday-Friday).
Watch our data crash course, designed especially for journalists to learn how to find, download and interpret our data.

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Queensland's average dwelling price passes $1 million

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