House prices just keep going up, according to data released this week by the Australian Bureau of Statistics (ABS).
The new figures show that the total value of Australia’s residential dwellings rose by $213.8 billion (1.9 per cent) to $11.6 trillion in the June quarter 2025.
ABS head of finance statistics Dr Mish Tan, observed that the June quarter’s growth in the value of dwellings followed a 0.3 per cent rise in the March quarter, with rises across all states and territories.
“Despite the quarterly rise in national dwelling values, annual growth continued to slow to 5.1 per cent, compared to the growth rate of 8.9 per cent in June 2024”, Tan said.
“The mean price of dwellings rose 1.4 per cent, reaching record highs in New South Wales, Queensland, South Australia and Western Australia.”
The rise in mean prices was most evident in Western Australia (2.3 per cent), Queensland (2.2 per cent), New South Wales (1.1 per cent), Victoria (1.1 per cent) and South Australia (1.1 per cent).
Around the country, the average price of a home is now $1,256.20 in NSW, $909.10 in Victoria, $977.30 in Queensland, $854.40 in South Australia, WA $897.50, Tasmania $670.90, NT $523.40 and the ACT $949.40.