Queensland’s mean dwelling price surpassed $1 million for the first time, rising 3.5 per cent to $91,400 above the September 2024 level, the Australian Bureau of Statistics (ABS) said. The state is now the second after New South Wales to reach that threshold. Across Australia, the total value of residential dwellings grew 2.7 per cent to $11.9 trillion in the September quarter 2025. The largest price increases were in Western Australia (4.5 per cent), Queensland (3.5 per cent) and the Northern Territory (5.3 per cent). Mean dwelling prices rose in every state and territory, with the ABS noting that the figures are preliminary and subject to revision. The ABS said that the overall increase reflects a continuing trend of growth in the residential property market.
© Commonwealth of Australia (Australian Bureau of Statistics).
The text is licensed under Creative Commons Attribution 4.0 International
(https://creativecommons.org/licenses/by/4.0/).
This article is a summary of content originally published by the Australian Bureau of Statistics.
https://www.abs.gov.au/media-centre/media-releases/queenslands-average-dwelling-price-passes-1-million
Made by AI. If you spot anything of concern write us at contact@cybach.com. We’ll promptly correct irregularities.