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New South Wales continues to record the highest mean residential dwelling price at $1.25 million.
Newly built houses at Cameron Park in Lake Macquarie, New South Wales, Australia, on May 6, 2024. Roni Bintang/Getty Images
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The total value of residential dwellings in Australia reached $11.4 trillion (US$7.4 trillion) in the March 2025 quarter, up 1.2 percent from $11.2 trillion in the December 2024 quarter, Australian Bureau of Statistics (ABS) data shows.
Household-owned properties accounted for $10.9 trillion of the total value of residential dwellings.
