Australian house price value hits $10 billion – ABS

The number of residential houses, median prices also increased

Australian house price value hits $10 billion – ABS


By Mina Martin

The total value of residential dwellings in Australia hit $10,090.6 billion in the June quarter, an increase from $9,765.6 billion in the first quarter of the year, according to ABS’s latest figures.

Of the total value of dwelling stock, $9,694.8 billion was owned by households.

Residential house prices increased in all states and territories in the June quarter, most notably in NSW and Queensland.

There were also more residential dwellings in Australia in the June quarter, up by 52,200 over the quarter to 11,055,800, while their mean price lifted by $25,200 to $912,700 over the same period.

NSW continued to register the highest mean price of residential dwellings in the country, at $1,167,500. This was followed by the ACT, with $947,900, and Victoria, at $904,800.

At the other end of the spectrum was the Northern Territory, with the lowest mean price of $512,700, ABS’s preliminary estimates showed.

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