Average House Prices in Australia
According to the latest report, covering the June 2026 quarter, by the Australian Bureau of Statistics (ABS), the average house price in Australia is $1,100,400. The latest mean price of residential dwellings fell by $8,200 compared to last quarter.
The mean dwelling price increase accompanies a rising number of total residential dwellings. As of June, the number of residential dwellings is 11,531,100.
The steadily growing house prices can be attributed to several factors, including inflation, population growth, supply and demand, interest rates, and tax policies, to name a few.
Average house price in Australia 2026
|
Region |
March 2026 |
June 2026 |
Quarter-over-Quarter Changes |
|
New South Wales |
$1,337,600 |
$1,304,900 |
- $32,700 |
|
Victoria |
$938,000 |
$918,400 |
-$19,600 |
|
Queensland |
$1,114,800 |
$1,130,600 |
$15,800 |
|
South Australia |
$966,300 |
$979,600 |
$13,300 |
|
Western Australia |
$1,099,200 |
$1,123,700 |
$24,500 |
|
Tasmania |
$717,700 |
$733,200 |
$15,500 |
|
Northern Territory |
$588,300 |
$614,400 |
$26,100 |
|
Australian Capital Territory |
$995,000 |
$981,700 |
-$13,300 |
|
Australia |
$1,108,600 |
$1,100,400 |
-$8,200 |
Source: Total Value of Dwellings June Quarter 2026
Mean house prices in all states and territories have surged, except for New South Wales, Victoria, and the Australian Capital Territory.
Even though the total value of dwellings for New South Wales fell by $32,700 for the June 2026 quarter, the state still has the highest average house price in Australia at $1,304,900. Close behind are Queensland and Western Australia, where dwellings have gone over the million-dollar mark.
On the other end of the list is the Northern Territory with the lowest mean dwelling value at only $614,400, which is still a significant increase of $26,100 since last quarter.
Property prices throughout most of the country have increased due to several reasons, such as increased demand, migration to the state, increased building costs, and other economic factors.
Average house price in Australia & Mortgage Payments
Figuring out mortgage costs is easier when you know the average home price in a state or territory. Although real estate prices vary per suburb, having the mean price can be a useful guide when calculating potential mortgage payments.
With the average house prices above, we’ve calculated possible mortgage costs. The estimates below are based on a 30-year standard principal and interest loan with a 5.94% variable interest rate. The table shows the total interest you may have to pay over the life of your loan and your monthly repayments.
|
Region |
Average Price of a House |
Home Loan Interest Cost (5.94% interest) |
Monthly Repayments |
|
New South Wales |
$1,304,900 |
$1,493,476 |
$7,773 |
|
Victoria |
$918,400 |
$1,051,125 |
$5,471 |
|
Queensland |
$1,130,600 |
$1,293,986 |
$6,735 |
|
South Australia |
$979,600 |
$1,121,168 |
$5,835 |
|
Western Australia |
$1,123,700 |
$1,286,093 |
$6,694 |
|
Tasmania |
$733,200 |
$839,159 |
$4,368 |
|
Northern Territory |
$614,400 |
$703,191 |
$3,660 |
|
Australian Capital Territory |
$981,700 |
$1,123,571 |
$5,848 |
|
Australia |
$1,100,400 |
$1,259,421 |
$6,555 |
Take note that more frequent repayments can lower the overall interest costs significantly. If you already have a home in mind, use loans.com.au’s repayment calculator to figure out potential home loan costs.
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About the article
As Australia's leading online lender, loans.com.au has been helping people into their dream homes and cars for more than 10 years. Our content is written and reviewed by experienced financial experts. The information we provide is general in nature and does not take into account your personal objectives or needs. If you'd like to chat to one of our lending specialists about a home or car loan, contact us on Live Chat or by calling 13 10 90.
