Value of Australia’s Housing Market Reaches $12 Trillion

The largest price gains were recorded in Western Australia, South Australia and Queensland in the December 2025 quarter.

New houses line the streets of an outer suburbs of Melbourne, Australia on Jan. 13, 2026. The country continues to face record-high property prices and rental shortages, leaving many Australians struggling to secure affordable housing despite government efforts to ease the pressure. Jesse Thompson/Getty Images

Australians now own $12.3 trillion (US$8.8 trillion) worth of residential real estate after the value of homes rose by $384.8 billion or 3.2 percent in the December quarter of 2025, according to figures released today by the Australian Bureau of Statistics (ABS).

The mean price of residential dwellings rose in all states and territories, led by Western Australia (7.5 percent or $70,500), Queensland (4.8 percent or $48,800) and South Australia (4.5 percent or $40,800).