The average price of homes in Australia has reached $912,700, according to data released this week by the Australian Bureau of Statistics.
The figures show that the total value of residential dwellings in Australia rose by $325 billion to $10,090.6 billion in the June quarter 2023, up from $9,765.6 billion in the previous quarter. All states and territories recorded lifts, most notably NSW and Queensland.
Of the total value, $9,694. 8 billion was owned by households.
Across the country, the number of homes rose by 52,200 to 11,055,800, with the mean price of each rising by $25,200 to $912,700, this quarter.
The mean price of homes in NSW ($1,167,500) remains the highest in the country, followed by the ACT ($947,900) and Victoria ($904,800), then Queensland ($781,600). The lowest mean price was in the Northern Territory ($512,700).
