The residential property market in Australia has reached another record in the March 2025 quarter. Data released by the Australian Bureau of Statistics reveals the national housing stock is now valued at $11.37 trillion, a quarterly upturn of $130.7 billion that highlights the sector’s remarkable momentum.
In tandem with this valuation advance, the mean price of a dwelling has for the first time crossed the iconic $1 million threshold, landing at $1,002,500.
Dwelling Completion Rate Trails Population Surge
A total of 53,400 new homes were added to the stock this quarter, lifting the overall count to 11,338,500. Housing experts caution that this pace remains insufficient when measured against both rapid population growth and enervating demand, especially in high-urbanisation corridors where vacancies are now vanishing.
Recent aggregate analysis puts the total value of dwellings owned by Australian households at a striking $10.9 trillion. The figure underscores the intimate connection between residential property and overall household net worth.
Queensland Surges Ahead
Queensland outperformed all other jurisdictions, recording a 1.9% monthly rise in dwelling values; close behind, South Australia posted a 1.6% gain.
The uptick has pushed Queensland’s mean dwelling price to $944,700, edging past the Australian Capital Territory at $941,300. Only New South Wales, with a steep average of $1,245,900, now commands a more expensive market.
In sharp contrast, the Northern Territory remains the most budget-friendly option, sitting at an average of $517,700.
Affordability Concerns Grow
The national average has now cracked the $1 million barrier, a milestone that resonates deeply with first-time buyers and modest-income families. That breakpoint amplifies the sense of urgency for would-be purchasers who hope to secure properties in high-demand growth corridors before the next price wave rolls in.
Government stimulus and planning relaxations have failed to halt the upward drift in housing prices, according to several academics and industry veteran groups. Their consensus is straightforward: unless a wave of new construction reaches the market-Queensland cities and commuter towns included-costs will keep moving north.
Aussies reading the latest winter figures now see the national median home price parked above a cool million dollars. That blunt milestone forces first-home buyers and budget-sensitive investors to choose tactics over wishful thinking.
For their part, investor clients hear another story: that rising numbers flag demand rather than tarry valuations. Brisbane’s inner ring, coastal strip rentals from Bundaberg to Lancelin, and Adelaide’s northeast corridor all whisper opportunity, sometimes before the rest of the market catches on. First-time buyers who think they can miss this cycle risk turning that anodyne ‘next year’ into a bitter lesson in compound price inflation.
With the national median topping $1 million, newcomers and repeat purchasers suddenly feel boxed in.
That’s where expert guidance makes all the difference.
Seasoned advocates sift through off-market sales, spotlight unfashionable suburbs that analysts quietly upgrade and flag South Australian enclaves on the cusp. Their granular knowledge tempers the shock of recent price jumps and highlights hidden value.
Property holders eyeing investment-grade blue chips see openings rather than ceilings. Markets such as Brisbane, Adelaide and coastal corridor towns are growing briskly. As market momentum builds across Queensland and Adelaide and select coastal hubs, the strategic moment is now. Investmate delivers bespoke advice, off-market & on-market listings, and personalised guidance designed to help you expand your portfolio with assurance. A proper consultation can be scheduled directly through this link or visit investmateba.com.au for further details. For immediate assistance, contact +61 421 942 049 or email [email protected].
