Residential homes across the country hit record number
New report shows the rise in dwellings has skyrocketed to beyond $12 trillion nationally.
FOR the first time ever, the value of Australia’s residential dwellings has surpassed $12 trillion.
The Australian Bureau Of Statistics released it’s Total Value Of Dwellings report this week.
Dr Mish Tan, ABS head of finance statistics, said the report showed a record had been broken.
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.
“After 13 quarters of uninterrupted growth since September 2022, the total value of dwellings has surpassed $12 trillion for the first time,” Tan said.
“December quarter’s growth was driven by rising property prices, as the national mean dwelling price increased 2.7 per cent 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 NSW and Queensland to have a mean dwelling price of over $1 million,” Tan said.
The preliminary estimate of the total value of residential dwellings in Australia in the December quarter 2025 was $12,307.2 billion, up $384.8 billion from $11,922.4 billion in the September quarter 2025.
Of the total value of residential dwellings, $11,821.3 billion was owned by households.
In the December quarter 2025, the total value of residential dwellings rose in all states and territories, with growth most evident in Queensland (+5.3%), Western Australia (+7.8%), and NSW (+1.7%).
The number of residential dwellings in Australia rose by 54,100 to 11,452,200.
