Home values remain high, despite moderate growth in the early months of 2026, according to figures released this week by the Australian Bureau of Statistics (ABS).
The latest figures show that the total value of Australia’s residential dwellings rose $315.9 billion or 2.5 per cent to $12.8 trillion in March quarter 2026.
The mean price rose by $22,300 to $1,111,100 this quarter.
ABS head of finance statistics Dr Mish Tan noted that growth moderated this quarter, following a strong rise in late 2025.
“Despite this, the value of Australia’s dwelling stock is 11.9 per cent higher than a year ago, with increases in residential property prices continuing to drive growth”, Tan added.
Victoria was the only state or territory to see a fall in the mean price of residential dwellings this quarter (down 0.3 per cent or $2,400). Western Australia (up 7.2 per cent, or $73,700) and Queensland (4.6 per cent, or $49,800) recorded the strongest rises.
“Price growth has been strongest in Western Australia, the Northern Territory and Queensland over the past year.
“Annual growth for these states is well above New South Wales and Victoria, where increases have been comparatively modest”, Tan concluded.