Australian housing market hits record $12.3 trillion value

The Australian residential property market has reached an unprecedented milestone, with the total value of the nation's housing stock soaring to $12.3 trillion.

According to the latest data released by the Australian Bureau of Statistics, the sector saw a robust increase of $384.8 billion—a 3.2% jump—during the December quarter of 2025.

Dr Mish Tan, the ABS head of finance statistics, noted that the surge represents the thirteenth consecutive quarter of growth since late 2022.

"For the first time in history, the total value of dwellings has surpassed the $12 trillion mark," Dr Tan confirmed.

The momentum was largely underpinned by a 2.7% rise in the national mean dwelling price, which now stands at $1.1 million.