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Average Home Hits $1 Million in Main Cities

Average Home Hits $1 Million in Main Cities

The average home across Australia has reached $1 million, according to new data released today.

According to the latest figures by the Australian Bureau of Statistics (ABS), the value of Australia’s residential properties rose by $130.7 billion to $11.4 trillion in the March quarter 2025. This pushed the national mean price of residential property to $1,002,500.

Kio snaps up Aria to develop Brisbane rental tower

Kio snaps up Aria to develop Brisbane rental tower

The Queensland capital is set for a landmark build-to-rent tower, the Kio Investment Management operation readying to develop a major South Brisbane complex.

Stockland dumps offices for apartment towers

Stockland dumps offices for apartment towers

Property developer Stockland is weighing up a major push into apartments on Sydney’s north shore, seeking to drop its plans for North Sydney’s tallest office building and replace it with a luxury unit project.

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Australia's most popular suburbs for first-home buyers

The Dandenong area of Melbourne has been named Australia’s first-home buyer capital and the wider city cemented as the nation’s top hotspot for market entrants.

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Price Growth Recorded in Every Capital City

Australia’s housing market continues to grow, with every capital city recording a spike in values for April.

According to data from Cotality, formerly CoreLogic, combined dwelling values rose by 0.3% in April, adding roughly $2,720 of value to the average dwelling.

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Why must the City Melbourne market improve ?

Melbourne’s median dwelling values have risen 11.2% since the onset of Covid but are still -4.0% below their peak of March 2022.

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Property investment market in Australia overview

Australia’s economy continues to decelerate due to higher interest rates, persistent inflation, slower-than-expected wages growth, and ongoing global economic uncertainty.

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