Total Value of Dwellings

Latest release

Estimates of the total value, number and mean price of Australia's dwellings, as well as median prices and counts of residential property transfers

Reference period

March Quarter 2025

Released

10/06/2025

Key statistics

The total value of residential dwellings in Australia rose by $130.7 billion to $11,366.4 billion this quarter.
The number of residential dwellings rose by 53,400 to 11,338,500 this quarter.
The mean price of residential dwellings rose by $6,900 to $1,002,500 this quarter.

Total value of dwelling stock

Total value of dwelling stock, Australia
	Total value of dwelling stock ($b)
Mar-20	7,278.1
Jun-20	7,251.1
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	11,235.7
Mar-25	11,366.4

Total value of dwelling stock, Australia

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

[["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"],[[7278.1000000000004],[7251.1000000000004],[7469.6000000000004],[7848.8999999999996],[8302.2999999999993],[8726],[9325.7999999999993],[9914.2000000000007],[10094.1],[10028.700000000001],[9730],[9773.2999999999993],[9803.3999999999996],[10101.6],[10252.700000000001],[10563.9],[10736.1],[11000.299999999999],[11053.4],[11235.700000000001],[11366.4]]]

[]

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The preliminary estimate of the total value of residential dwellings in Australia in the March quarter 2025 was $11,366.4 billion, up $130.7 billion from $11,235.7 billion in the December quarter 2024.

Of the total value of residential dwellings, $10,918.9 billion was owned by households.

In the March quarter 2025, the total value of residential dwellings rose in all states and territories, with growth most evident in Queensland (+1.9%) and South Australia (+1.6%).

The number of residential dwellings in Australia rose by 53,400 to 11,338,500, and the mean price of residential dwellings rose by $6,900 to $1,002,500, this quarter. This is the first time the national mean price has passed $1,000,000.

Mean dwelling price

Mean dwelling price, states and territories
	Sep-24 ($'000)	Dec-24 ($'000)	Mar-25 ($'000)
NSW	1,232.5	1,240	1,245.9
VIC	893.2	896.5	899.7
QLD	914.2	932	944.7
SA	817.6	850.4	861.9
WA	839.3	869.2	874.2
TAS	646.7	664.4	670.2
NT	501	504.1	517.7
ACT	962.4	942.5	941.3
Australia	983.3	995.6	1,002.5

Mean dwelling price, states and territories

["","Sep-24","Dec-24","Mar-25"]

[["NSW","VIC","QLD","SA","WA","TAS","NT","ACT","Australia"],[[1232.5],[893.20000000000005],[914.20000000000005],[817.60000000000002],[839.29999999999995],[646.70000000000005],[501],[962.39999999999998],[983.29999999999995]],[[1240],[896.5],[932],[850.39999999999998],[869.20000000000005],[664.39999999999998],[504.10000000000002],[942.5],[995.60000000000002]],[[1245.9000000000001],[899.70000000000005],[944.70000000000005],[861.89999999999998],[874.20000000000005],[670.20000000000005],[517.70000000000005],[941.29999999999995],[1002.5]]]

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The mean price of residential dwellings in NSW ($1,245,900) remains the highest in the country, followed by QLD ($944,700) and the ACT ($941,300). This quarter sees the mean price in QLD overtake ACT as the second highest value in the nation. The Northern Territory maintains the lowest mean price at $517,700.

Revisions and Changes

Revisions

All estimates for the current quarter are preliminary. Revisions apply to estimates for the second and third most recent quarters of the total value of dwelling stock and its components (see Revisions, under Total value of dwelling stock, in the Methodology page), and to median prices and transfers (see Revisions, under Dwelling transfer counts and median prices, in the Methodology page). Revisions to estimates for previous quarters are standard practice in these series.

Previous catalogue number

The data in Table 1 and Table 2 were previously published under catalogue number 6416.0 'Residential Property Price Indexes: Eight Capital Cities'. The Residential Property Price Indexes: Eight Capital Cities publication ceased with the December quarter 2021 issue. Please see the ABS media release 'Update on the Australian Bureau of Statistics work program' for further information.

Data downloads

Time Series Spreadsheets

Table 1. Total value of dwellings, all series

Data files

Download xlsx [76.81 KB]

Table 2. Median price and number of transfers (capital city and rest of state)

Data files

Download xlsx [97.92 KB]

Methodology

Total Value of Dwellings methodology, March Quarter 2025

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APA

Citation

Total Value of Dwellings

APA

Citation

Key statistics

Total value of dwelling stock

Mean dwelling price

Revisions and Changes

Revisions

Previous catalogue number

Data downloads

Time Series Spreadsheets

Table 1. Total value of dwellings, all series

Table 2. Median price and number of transfers (capital city and rest of state)

Methodology

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APA

Total Value of Dwellings

APA

Key statistics

Total value of dwelling stock

Mean dwelling price

Revisions and Changes

Revisions

Previous catalogue number

Data downloads

Time Series Spreadsheets

Table 1. Total value of dwellings, all series

Table 2. Median price and number of transfers (capital city and rest of state)

Methodology

Media releases

Average Australian dwelling price reaches $1 million

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Microdata and TableBuilder