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Total Value of Residential Dwellings in Australia Rises in March Quarter

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The total value of residential dwellings in Australia rose 2.5% in the March quarter, settling at AU$12.773 trillion, figures from the Australian Bureau of Statistics showed Tuesday.

The mean price of residential buildings rose AU$22,300 to AU$1.1 million in the quarter.

Dwelling value growth slowed this quarter after a strong increase in late 2025, though Australia's housing stock remains 11.9% higher year-on-year, driven by continued rises in residential property prices, said Mish Tan, ABS head of finance statistics.

Victoria was the only state or territory to record a decline in the mean price of residential dwellings this quarter, falling 0.3%, while Western Australia rose 7.2% and Queensland increased 4.6%, recording the strongest gains, per the report.

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