The mean value of a home in Queensland is edging towards $1 million, after a 2.2 percent increase in the last quarter.
New data from the Australian Bureau of Statistics (ABS) shows the total value of Australia’s residential dwellings rose by $213.8 billion, or 1.9 percent, to $11.6 trillion in the June quarter of 2025.
ABS Head of Finance Statistics Dr Mish Tan said the June quarter’s growth followed a 0.3 percent rise in the March quarter, with rises across all states and territories.
She said the mean price of dwellings rose 1.4 percent, reaching record highs in New South Wales, Queensland, South Australia and Western Australia.
“The rise in mean prices was most evident in Western Australia (2.3 percent), Queensland (2.2 percent), New South Wales (1.1 percent), Victoria (1.1 percent) and South Australia (1.1 percent).”
The ABS data shows the mean dwelling price in Queensland in the June quarter was $977,300, the second highest in the country, only lower than New South Wales ($1,256,200).
It reveals the Sunshine State’s mean dwelling price has increased by 108.8 percent over the last 10 years, the largest increase of any state or territory, alongside Tasmania.
