Dwelling stock value reaches $12.3 trillion

Property stock

The ABS reported that the value of Australia's dwelling stock rose to $12.3 trillion in the December quarter.

The national mean dwelling price rose by +2.7 per cent over the quarter to $1.07 million. 

Prices have increased for 13 consecutive quarters, noted the ABS. 

Source: ABS

Australia's annual GDP is under $3 trillion, so the ratio of dwelling stock to annual GDP is now back up to 4.3x. 

The reported numbers are preliminary estimates, but these figures showed an estimated increase of around 166,000 dwellings in 2025. 

Australia's estimated resident population figures are also subject to periodic revision, but it looks as though the average number of persons per dwelling has levelled off (having rebounded from the pandemic 'race for space' lows). 

The ABS noted:

"The mean price of residential dwellings rose in all states and territories this quarter, with growth most evident in Western Australia (7.5 per cent or $70,500), Queensland (4.8 per cent or $48,800) and South Australia (4.5 per cent or $40,800)."

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