Total Value of Dwellings

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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

September Quarter 2022

Released

6/12/2022

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Key statistics

The total value of residential dwellings in Australia fell $358.9 billion to $9,674.4 billion this quarter.
The number of residential dwellings rose by 45,300 to 10,872,900 this quarter.
The mean price of residential dwellings fell $36,800 to $889,800 this quarter.

Total value of dwelling stock

Total value of dwelling stock, Australia
	Total value of dwelling stock ($b)
Sep-17	6,779.3
Dec-17	6,946.2
Mar-18	6,957.2
Jun-18	6,921.0
Sep-18	6,860.1
Dec-18	6,789.0
Mar-19	6,656.0
Jun-19	6,720.5
Sep-19	6,951.4
Dec-19	7,170.8
Mar-20	7,278.1
Jun-20	7,251.1
Sep-20	7,487.5
Dec-20	7,886.5
Mar-21	8,360.9
Jun-21	8,807.8
Sep-21	9,433.1
Dec-21	10,003.7
Mar-22	10,183.6
Jun-22	10,033.3
Sep-22	9,674.4

Total value of dwelling stock, Australia

["","Total value of dwelling stock ($b)"]

[["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"],[[6779.3000000000002],[6946.1999999999998],[6957.1999999999998],[6921],[6860.1000000000004],[6789],[6656],[6720.5],[6951.3999999999996],[7170.8000000000002],[7278.1000000000004],[7251.1000000000004],[7487.5],[7886.5],[8360.8999999999996],[8807.7999999999993],[9433.1000000000004],[10003.700000000001],[10183.6],[10033.299999999999],[9674.3999999999996]]]

[]

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The preliminary estimate of the total value of residential dwellings in Australia in the September quarter 2022 was $9,674.4 billion, down $358.9 billion from $10,033.3 billion in the June quarter 2022. This is the largest quarterly fall in the value of residential dwellings in Australia since the series commenced, in September 2011.

In the September quarter 2022, the total value of residential dwellings fell in all states and territories except the Northern Territory. The result was driven by NSW, Queensland, and Victoria.

The number of residential dwellings rose by 45,300 to 10,872,900, and the mean price of residential dwellings fell $36,800 to $889,800, this quarter.

Mean dwelling price

Mean dwelling price, states and territories
	Mar Qtr 22	Jun Qtr 22	Sep Qtr 22
NSW	1,227.2	1,187.9	1,125.6
VIC	973	942.4	912.1
QLD	784.3	790.9	753.1
SA	645.9	653	650.2
WA	633.2	648.5	644
TAS	693.2	680.7	653
NT	531	501.1	500.1
ACT	1,006.5	999.5	956.4
Australia	944	926.6	889.8

Mean dwelling price, states and territories

["","Mar Qtr 22","Jun Qtr 22","Sep Qtr 22"]

[["NSW","VIC","QLD","SA","WA","TAS","NT","ACT","Australia"],[[1227.2],[973],[784.29999999999995],[645.89999999999998],[633.20000000000005],[693.20000000000005],[531],[1006.5],[944]],[[1187.9000000000001],[942.39999999999998],[790.89999999999998],[653],[648.5],[680.70000000000005],[501.10000000000002],[999.5],[926.60000000000002]],[[1125.5999999999999],[912.10000000000002],[753.10000000000002],[650.20000000000005],[644],[653],[500.10000000000002],[956.39999999999998],[889.79999999999995]]]

[]

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The mean price of residential dwellings in NSW fell by $62,300 to $1,125,600 during the September quarter 2022 and was the highest in the country. The second highest mean price was in the Australian Capital Territory ($956,400), followed by Victoria ($912,100). The lowest mean price ($500,100) was in the Northern Territory.

Data downloads

Download all (158.74 KB)

Time Series Spreadsheets

Data files

Table 1. Total value of dwellings, all series
Download xlsx [72.47 KB]
Table 2. Median price and number of transfers (capital city and rest of state)
Download xlsx [99.35 KB]

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.

Methodology

Total Value of Dwellings methodology, September Quarter 2022

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