Australia’s property market has set another record, with the total value of the nation’s housing stock rising by more than $200 billion in the past three months to reach $11.6 trillion.

Figures from the Australian Bureau of Statistics (ABS) reveal that housing values have increased by 60% over the past five years, underscoring the scale of Australia’s property boom. To put this in perspective, the housing market is now worth more than four times the value of the entire Australian Stock Exchange (ASX). 

ABS head of finance statistics, Mish Tan, says while the national housing market continues to grow, the pace of quarterly gains has slowed. Even so, sentiment remains “increasingly upbeat,” with average house prices up 1.4% over the June quarter. New peaks were recorded across New South Wales, Queensland, South Australia, and Western Australia.

Of the total $11.6 trillion in housing value, households account for the overwhelming majority, holding $11.1 trillion in residential property wealth. At the same time, the number of residential dwellings in Australia grew by 53,600 over the quarter, lifting the total to 11.4 million homes.

This combination of higher dwelling values and rising housing stock demonstrates the enduring dominance of property in household wealth creation, even in a period where affordability remains a major challenge.