New houses line the streets of an outer suburban area in Melbourne, Australia on Jan. 13, 2026. The country continues to face record-high property prices and rental shortages, leaving many Australians struggling to secure affordable housing despite government efforts to ease the pressure. Jesse Thompson/Getty Images
Australians now own $12.3 trillion (US$8.8 trillion) worth of residential real estate after the value of homes rose by $384.8 billion or 3.2 percent in the December quarter of 2025, according to figures released today by the Australian Bureau of Statistics (ABS).
The mean price of residential dwellings rose in all states and territories, led by Western Australia (7.5 percent or $70,500), Queensland (4.8 percent or $48,800) and South Australia (4.5 percent or $40,800).
