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Values surge

The value of Australia’s homes continues to surge, according to official data released this week by the Australian Bureau of Statistics.

The latest figures show that the total value of residential dwellings in Australia in the March quarter 2024 was $10,720.7 billion, up $209.4 billion from $10,511.4 billion in the December quarter 2023.

Values rose in all states and territories.

The number of homes rose by 52,700 to 11,176,100, with the mean price up by $14,300 to $959,300, in the quarter.

The mean price of homes in NSW ($1,212,000) remains the highest in the country, followed by the ACT ($950,500) and Victoria ($914,300). The lowest mean price is in the Northern Territory ($511,400).

We hope you have enjoyed this article. It is our pleasure being your real estate agents in Brisbane.

If you would like any assistance or advice, please feel very welcome to get in touch with our Brisbane real estate agents, Brisbane property management team, or Brisbane buyers agents.

About Adam Nobel

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

adam@hugoalexander.com.au

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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