It’s going bananas: Queensland property tops $1m average
In the golden state of Queensland, real estate agents say their sector is literally raining gold with the local sector enjoying a boom year – a ‘purple patch’ if you will.
QUEENSLAND real estate enjoyed a boom year, a performance underscored by the latest data from the Australian Bureau of Statistics.
It found Queensland is now the second state after NSW with a mean dwelling price of over $1 million.
To be exact, it’s $1.005 million, second only to $1.295 million in NSW.
That follows a rise of 3.5% or $33,900 in the September quarter of 2025.
The mean price of dwellings in Queensland is now $91,400 higher than in the September quarter of 2024.
The mean price of residential dwellings rose in all states and territories in the quarter, with the largest rises seen in Western Australia (4.5% or $40,800), and the Northern Territory (5.3% or $28,400).
It’s not just prices on the rise in Queensland but also building approvals.
Nationally, the total number of dwellings approved fell 6.4% in October to 15,832.
Queensland alone bucked the trend, with private sector house approvals up 2.7% in September.
Another nugget in the ABS release is that the total value of Australia’s residential dwellings rose by $317 billion or 2.7% to $11.9 trillion in the quarter.
