Australian housing market reaches record value of $12.77 trillion
- Jun 9
- 1 min read
Despite growing predictions of a housing market downturn, new figures show Australian property values are still climbing.
According to the latest Australian Bureau of Statistics data, the total value of residential property across the country increased by $315.9 billion during the March quarter, reaching a record $12.77 trillion.
While growth has slowed compared to late 2025, national dwelling values remain 11.9 per cent higher than a year ago, driven by continued increases in property prices.
The average value of a residential dwelling rose by $22,300 over the quarter to $1.11 million, while the total number of homes increased by more than 54,000 to nearly 11.5 million.
Western Australia recorded the strongest quarterly growth, with dwelling values rising 7.2 per cent, followed by Queensland at 4.6 per cent. Victoria was the only state to record a decline, with average dwelling values slipping 0.3 per cent.
The figures come as some economists forecast falling house prices due to higher interest rates and proposed tax changes affecting property investors. However, the latest data suggests those impacts have not yet significantly affected the market.
Property investors also argue that strong population growth and ongoing housing shortages could continue supporting prices, particularly in more affordable regions.
While market conditions are becoming more challenging, Australia's housing sector remains resilient, with property values continuing to rise despite growing economic pressures.
Source : News.com
More updates to come on AusNewsLanka.
Comments