Gov ScoreAustralia

Condition

Home prices

Is home ownership getting further out of reach?

Home prices: $921k in Jun qtr 2022, $1.10m in Jun qtr 2026.

Download imagePortrait for Instagram
Latest
$1.10maverage price of a residential dwelling in Australia · June quarter 2026
Since the government took office
Higher+19.5%$921k → $1.10m (Jun qtr 2022 → Jun qtr 2026)Rising prices help owners and hurt buyers, so the direction isn’t coloured.
Over the past year
Higher+6.8%$1.03m → $1.10m (Jun qtr 2025 → Jun qtr 2026)

Mean price of residential dwellings ($'000)

  • Nominal
  • Mean price, not a like-for-like index

What this is

The ABS calculates the average price of a residential dwelling by dividing the total value of all homes by the number of homes. We compare its growth since mid-2022 with wage growth.

Why it matters

When home prices grow faster than wages, saving a deposit and paying off a mortgage takes longer. Home ownership moves out of reach for younger Australians.

More from the figures

  • The average dwelling price is up 19.5% ($179,200) since the June quarter 2022, while wages rose 15.1%.
  • Homes are less affordable for first-home buyers relying on wages.

How it’s calculated

ABS Total Value of Dwellings: mean price of residential dwellings (total value of dwelling stock ÷ number of dwellings). Compared with the Wage Price Index over the same period.

Related