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Average home now worth $912,700

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).

About Adam Nobel

CEO | Principal
M. Bus, Grad Dip Adv, B.Int Bus, LREA


0417 007 001

Adam is the founder and Principal of Hugo Alexander Property Group. With a previous career in advertising, 22 years experience in property investment, and 16 years in Brisbane real estate, he knows the market inside out to ensure his clients grow their wealth faster.

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