Total Value of Dwellings Reaches $12 Trillion
The total value of Australia’s residential dwellings rose by $384.8 billion or 3.2 per cent to $12.3 trillion in the December quarter 2025, according to figures released today by the Australian Bureau of Statistics (ABS).
Dr Mish Tan, ABS head of finance statistics said: ‘After 13 quarters of uninterrupted growth since September 2022, the total value of dwellings has surpassed $12 trillion for the first time. December quarter’s growth was driven by rising property prices, as the national mean dwelling price increased 2.7 percent to $1.07 million.’
The mean price of residential dwellings rose in all states and territories this quarter, with growth most evident in Western Australia (7.5 per cent or $70,500), Queensland (4.8 per cent or $48,800) and South Australia (4.5 per cent or $40,800).
‘Annually, dwelling prices in Western Australia have risen faster than any other state or territory, rising 16.8 per cent to $1.01 million since December quarter 2024. This quarter, Western Australia became the third state after New South Wales and Queensland to have a mean dwelling price of over $1 million’, Dr Tan said.
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 include 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).
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