The Australian Bureau of Statistics (ABS) released data on the value of the nation’s dwelling stock, which hit a record high of $12.3 trillion in the March quarter of 2026, up 11.9% year on year:
The value of Australia’s housing stock has doubled since the December quarter of 2016.
In per capita terms, Australia’s housing stock was worth a record high of $439,200 in the March quarter of 2026, up 10.2% year-on-year:
Meanwhile, the average dwelling value in Australia hit a record high of $1,111,100 in the March quarter of 2026 and has doubled since the September quarter of 2014.
This data is likely the high-water mark for Australia’s housing market, given that dwelling values peaked in March, according to PropTrack, and are now expected to decline amid high interest rates, crashing buyer demand, rising for-sale listings, and the federal budget’s changes to negative gearing and capital gains taxes.
If house prices were to match the 8.2% decline in values recorded between 2017 and 2019, this would wipe just over $1 trillion in value from the market.
Source: Cotality
