The total value of Australia’s residential dwellings rose by $317.0 billion or 2.7 per cent to $11.9 trillion in the September quarter 2025, according to figures released today by the Australian Bureau of Statistics (ABS).
Dr Mish Tan, ABS head of finance statistics, said: ‘Queensland is the second state after New South Wales with a mean dwelling price of over $1 million, following a rise of 3.5 per cent or $33,900 in the September quarter 2025. The mean price of dwellings in Queensland is now $91,400 higher than September quarter 2024.’
| Total value of dwelling stock ($b) | |
|---|---|
| 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 | 11,319.5 |
| Mar-25 | 11,409.4 |
| Jun-25 | 11,611.4 |
| Sep-25 | 11,928.2 |
The mean price of residential dwellings rose in all states and territories, with the largest rises seen in Western Australia (4.5 per cent or $40,800), Queensland (3.5 per cent or $33,900) and the Northern Territory (5.3 per cent or $28,400).
| NSW ($’000) | VIC ($’000) | QLD ($’000) | SA ($’000) | WA ($’000) | TAS ($’000) | NT ($’000) | ACT ($’000) | Australia ($’000) | |
|---|---|---|---|---|---|---|---|---|---|
| Sep-15 | 788.1 | 616.5 | 472.6 | 418.2 | 559.6 | 321.3 | 522.2 | 593.6 | 611 |
| Dec-15 | 781.8 | 622.8 | 478.9 | 421.9 | 552.1 | 328.5 | 483.3 | 611.8 | 611.6 |
| Mar-16 | 779.3 | 625.4 | 473.7 | 425.4 | 542.3 | 322.3 | 489.8 | 595.6 | 609.3 |
| Jun-16 | 802 | 634.7 | 481.7 | 423.7 | 531.3 | 334.1 | 482 | 611.3 | 619.5 |
| Sep-16 | 823.7 | 646.7 | 482.7 | 424.4 | 522.2 | 338.5 | 466.5 | 611.8 | 628.6 |
| Dec-16 | 858.7 | 674.2 | 492.5 | 433.6 | 538.3 | 350.5 | 457.6 | 641.9 | 651.6 |
| Mar-17 | 885.8 | 695.6 | 494 | 439.2 | 525 | 356 | 455.2 | 644.5 | 665 |
| Jun-17 | 906.9 | 723.8 | 496.3 | 437.6 | 520.4 | 361.4 | 454 | 649.8 | 678.8 |
| Sep-17 | 897.9 | 717.6 | 502 | 442.5 | 521.2 | 374.7 | 452.6 | 646.9 | 676.4 |
| Dec-17 | 906.7 | 746.9 | 506.5 | 449.8 | 530.5 | 384.5 | 441.1 | 670.1 | 689.7 |
| Mar-18 | 899.8 | 743.7 | 509.5 | 452.6 | 530.2 | 398.7 | 449.1 | 674.1 | 688 |
| Jun-18 | 886.1 | 737.7 | 511.5 | 449.3 | 516.3 | 401.7 | 441.3 | 679.9 | 681.1 |
| Sep-18 | 868.5 | 717.4 | 516 | 451.7 | 517.6 | 410.7 | 417.1 | 674.4 | 671.7 |
| Dec-18 | 845.3 | 708.6 | 510.3 | 459.5 | 510.2 | 416.1 | 447.3 | 678.3 | 661.4 |
| Mar-19 | 825.7 | 683 | 501 | 457.8 | 506 | 411.5 | 431.5 | 670.9 | 646 |
| Jun-19 | 827.5 | 690.9 | 506.7 | 454.5 | 500.4 | 423.2 | 439.7 | 668.5 | 649.3 |
| Sep-19 | 863.8 | 715.5 | 514.1 | 452.8 | 503.8 | 423.7 | 439.3 | 673.7 | 668.8 |
| Dec-19 | 883.7 | 749.1 | 520.6 | 470.6 | 499.3 | 444.1 | 411.9 | 707 | 686.8 |
| Mar-20 | 895.8 | 761.2 | 524.9 | 465.3 | 501.3 | 460.1 | 415.9 | 701.1 | 694.7 |
| Jun-20 | 888 | 748.6 | 524.8 | 467.4 | 499.1 | 460.3 | 426.8 | 717.9 | 689.4 |
| Sep-20 | 912.9 | 757.3 | 541.4 | 482.3 | 523.4 | 461.6 | 420.1 | 733 | 706.7 |
| Dec-20 | 952.6 | 792.4 | 562.5 | 503 | 552.8 | 500.8 | 458.3 | 764 | 738.9 |
| Mar-21 | 1,006.1 | 831.9 | 593.1 | 519.4 | 582.3 | 546.1 | 447.1 | 818.2 | 778.3 |
| Jun-21 | 1,044.3 | 874.8 | 636.4 | 543.5 | 583.6 | 570.8 | 470.3 | 885.6 | 813.9 |
| Sep-21 | 1,148.3 | 900.9 | 674.3 | 573.6 | 596.1 | 611.7 | 484.1 | 906.7 | 865.7 |
| Dec-21 | 1,208.9 | 941.8 | 734.8 | 619.3 | 619.3 | 688.2 | 503.2 | 999.5 | 916.8 |
| Mar-22 | 1,221.2 | 942.2 | 768.8 | 645.4 | 628.4 | 694.2 | 532.3 | 983.9 | 930.6 |
| Jun-22 | 1,191.3 | 928.4 | 777.1 | 651.4 | 643.7 | 687 | 503.4 | 999.4 | 921.2 |
| Sep-22 | 1,136.2 | 901.1 | 759.3 | 649.4 | 628.4 | 677.4 | 491.4 | 946.9 | 890.5 |
| Dec-22 | 1,133.4 | 901.3 | 751.2 | 662.7 | 645.3 | 665.4 | 510.1 | 962.8 | 891 |
| Mar-23 | 1,129.6 | 898.4 | 757.1 | 663.3 | 653.6 | 670.3 | 517.4 | 940.8 | 890.9 |
| Jun-23 | 1,178.7 | 902.9 | 777.6 | 694.2 | 666.1 | 664.1 | 517.9 | 941.7 | 914.9 |
| Sep-23 | 1,180.8 | 904.3 | 805.2 | 707.8 | 694.6 | 660.2 | 490.1 | 947.3 | 925.2 |
| Dec-23 | 1,207.9 | 920.7 | 830.7 | 738.9 | 733.5 | 660.2 | 507.3 | 946.6 | 949.4 |
| Mar-24 | 1,217.6 | 911.8 | 858.8 | 768 | 769 | 670.1 | 530.4 | 951.8 | 962.1 |
| Jun-24 | 1,235.6 | 908.8 | 897.5 | 786 | 828.1 | 659.6 | 536.7 | 964.6 | 982.2 |
| Sep-24 | 1,232.5 | 893.2 | 914.2 | 817.6 | 839.3 | 646.7 | 501 | 962.4 | 983.3 |
| Dec-24 | 1,255.9 | 902.3 | 936.3 | 848.5 | 868.4 | 670.3 | 504.1 | 945.5 | 1,002.9 |
| Mar-25 | 1,248.3 | 910.2 | 957.7 | 845.2 | 879.9 | 676.2 | 502.3 | 939.1 | 1,007.8 |
| Jun-25 | 1,271.7 | 909.6 | 971.7 | 867.3 | 907.1 | 665.9 | 535.7 | 953 | 1,022.4 |
| Sep-25 | 1,295.9 | 918.5 | 1,005.6 | 887 | 947.9 | 669.3 | 564.1 | 968.1 | 1,045.4 |
