By Graeme Salt
The total value of residential dwellings in Australia is now $12,307.2 billion according to the Australian Bureau of Statistics (ABS).
How much of your wealth is tied up in property?
According to the ABS there has been an increase of $384.8 billion since the previous quarter.
While the value of Australia’s property appears to be growing inexorably, growth is not uniform.
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 per cent), Western Australia (7.8 per cent), and New South Wales (1.7 per cent).
The mean price of residential dwellings rose by $28,700 to $1,074,700.
NSW retains the highest mean ($1,301,100), followed by QLD ($1,066,000) and WA ($1,014,200). The Northern Territory maintains the lowest mean price at $580,000.
NSW has consistently been our most expensive state – driven by Sydney as much as anything. But the race for second place has seen lots of movement over the years; Australia’s second city – Melbourne – is now significantly cheaper.
For investors this may offer food for thought – is it wise to follow yesterday’s winners?
Graeme Salt is an award-winning mortgage broker. For a no-obligations consultation on your home loan needs, please contact him on 02 9922 5055.
