TOTAL VALUE OF DWELLINGS IN AUSTRALIA

• The total value of residential dwellings in Australia rose by $140.0 billion to $9,874.7 billion this quarter.
• The number of residential dwellings rose by 52,000 to 11,020,300 this quarter.
• The mean price of residential dwellings rose by $8,500 to $896,000 this quarter.

    TOTAL VALUE OF DWELLING STOCK

 The preliminary assessment for the total worth of residential properties in Australia during the first quarter of 2023 was $9,874.7 billion, showing an increase of $140.0 billion compared to the December quarter of 2022, which was $9,734.7 billion. Among the entire value of residential dwellings, households owned $9,487.2 billion.

During the March quarter of 2023, the value of residential properties experienced a rise in all states and territories except for Tasmania, Northern Territory, and the Australian Capital Territory.

MEAN DWELLING PRICE

The number of residential dwellings in Australia rose by 52,000 to 11,020,300, and the mean price of residential dwellings rose by $8,500 to $896,000, this quarter.

The mean price of residential dwellings in NSW ($1,150,400) remains the highest in the country, followed by the ACT ($951,800) and Victoria ($898,300). The lowest mean price is in the Northern Territory ($502,100).

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