Dwelling values rose 2.5% in March quarter: ABS
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The news: The total value of Australia’s residential dwellings rose by $315.9 billion, representing a 2.5% increase to $12.8 trillion in the March quarter, according to the latest Australian Bureau of Statistics (ABS) figures.
The context: The surge was primarily driven by a 7.2% increase in Western Australia and a 4.6% rise in Queensland. In contrast, Victoria was the only state to record a decline, with its mean dwelling price slipping 0.3%.
ABS head of finance statistics Mish Tan noted that growth in dwelling values moderated during the March quarter following a strong surge in late 2025.
However, the total value of the nation’s dwelling stock remains 11.9% higher than it was a year ago, fuelled by persistent price increases.
What they said: “Price growth has been strongest in Western Australia, the Northern Territory and Queensland over the past year,” Tan said.
“Annual growth for these states is well above New South Wales and Victoria, where increases have been comparatively modest,” she added.
The source: ABS
