The total value of residential dwellings in Australia reached $10.7 trillion in the March quarter of 2024, a $209.4 billion increase from $10.5 billion in the December quarter of 2023, according to preliminary estimates of the Australian Bureau of Statistics (ABS).
Households owned $10.3 trillion of the total value of residential dwellings, with the total value of residential dwellings increasing across all states and territories in the March quarter of 2024.
The latest ABS Total Value of Dwellings data also showed the number of residential dwellings in Australia rose by 52,700 to 11.2 million, and the mean price of residential dwellings increased by $14,300 to $959,300 this quarter.
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