The collective value of Australian homes has surged nearly $400 million in just a few months, surpassing an astonishing $12 trillion milestone, new data shows.
The Australian Bureau of Statistics (ABS) figures show the nation’s homes are now worth a combined $12.3 trillion, after increasing 3.2 per cent in the December 2025 quarter.
While house prices rose in every state and territory, Western Australia recorded the biggest spike, where dwellings rose an average of $70,500.
The collective value of Australian homes has surged nearly $400 million in just a few months, surpassing an astonishing $12 trillion dollars. (Generic image: Nine)
That hike has nudged the state into the million-dollar club alongside NSW and Queensland, where the mean dwelling price is more than $1 million.
The mean price of dwellings in the Northern Territory grew 15.1 per cent and Queensland rose 13.9 per cent.
Homes in Queensland saw an average 4.8 per cent hike in the last quarter, while South Australian prices weren’t far behind, rising 4.5 per cent, or $40,800.
“Annually, dwelling prices in Western Australia have risen faster than any other state or territory, rising 16.8 per cent to $1.01 million since December quarter 2024,” ABS financial statistics head Dr Mish Tan said.
While house prices rose in every state and territory, Western Australia recorded the biggest spike, where dwellings rose an average of $70,500. (ABS)
The ACT saw the slowest annual growth at three per cent, while Melbourne and Sydney prices also slowed, increasing 3.4 and 3.6 per cent in the year to December 2025, respectively.
The national average dwelling price growth was 7.2 per cent
Tan said the nation’s housing market has grown without interruption since September 2022.
The most recent quarter saw the largest growth in those three years.
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