The value of an average Australian home rose to $973,300 in the June quarter, according to new data released this week by the Australian Bureau of Statistics.
The figures show that the total value of residential dwellings in Australia in the June quarter 2024 was $10,911.8 billion, up $225.9 billion from $10,685.9b in the previous quarter.
Around the country, values rose in all states and territories except Victoria.
The number of homes in Australia rose by 52,900 to 11,211,000, with the mean price up by $15,600 to $973,300 in the quarter.
The mean price of homes in NSW ($$1,222,000) remains the highest in the country, followed by the ACT ($953,900) and Victoria ($900,300), Queensland ($885,400) and South Australia ($800.400). The lowest mean price is in the Northern Territory ($538,000).
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