Australia’s residential housing market has reached a new high, with the total value of the nation’s dwelling stock estimated at $11.1 trillion in the June quarter of 2025, according to fresh figures from the Australian Bureau of Statistics (ABS).
The ABS data shows the average price of a home nationally is now around $1.02 million, reinforcing housing as the country’s dominant household asset.
More than 11 million dwellings are captured in the estimate, spanning detached houses, townhouses, units, apartments and semi-detached properties, including both private and government-owned homes.
New South Wales remains the heavyweight of the property market, contributing the largest share of value, followed by Victoria and Queensland.
But every state and territory contributed to the record total, reflecting both population growth and the enduring strength of residential property as an asset class.
Sales activity held steady over the quarter. Sydney was the busiest market with 5,253 established house transfers, while Melbourne recorded 2,095 and Brisbane 820.
Perth saw 960 transfers, Adelaide 570, and Canberra 333, while Hobart and Darwin registered 388 and 225 respectively.
These transfer counts represent changes of ownership, tracked at the point of contract exchange, and provide a clear measure of market turnover.
The ABS emphasised that while preliminary numbers offer a snapshot of housing conditions, they are subject to revision as more data flows through land titles offices and other sources.
Median prices and transfer counts for the most recent quarters, in particular, can shift significantly once late transactions are incorporated.
The housing stock figures are compiled from CoreLogic data and feed directly into the national accounts, forming a cornerstone of the household balance sheet.
Housing accounts for the majority of household wealth in Australia, making its value and market activity crucial to economic reporting.
The $11.1 trillion milestone highlights the central role property continues to play in Australian life; not just as shelter, but as the backbone of household wealth and a key driver of consumer confidence, bank lending and broader financial stability.
State-by-State Breakdown – Value of Residential Dwellings (June Quarter 2025)
- New South Wales: $4.23 trillion
- Victoria: $2.65 trillion
- Queensland: $2.14 trillion
- South Australia: $677 billion
- Western Australia: $1.02 trillion
- Tasmania: $170 billion
- Northern Territory: $39 billion
- Australian Capital Territory: $180 billion
- Australia total: $11.1 trillion
