Mean residential dwelling prices by state — the dream that keeps getting more expensive.
Mean residential dwelling prices ranked by state, Q4 2025. Values in Q4 2025.
Mean dwelling price by state — quarterly since 2020. Watch the post-COVID surge. Hover for exact values.
How many years of gross salary does it take to buy the average dwelling in each state? Formula: mean price ÷ annual earnings.
Total price growth from earliest available data. Which state had the biggest run-up?
Let's talk about what this data actually means for ordinary Australians.
At the national average dwelling price of $1,074,700, a typical Australian earning median wages would need to work 9.7 years just to cover the purchase price — not including stamp duty, conveyancing fees, or interest. Back in 2020, it was around 7.4 years. The gap is widening fast.
The gap between the most and least expensive state is $721,100 — that's not a price difference, that's a different country. New South Wales at $1,301,100 vs Northern Territory at $580,000. People are voting with their removal trucks — interstate migration to Queensland and Western Australia is at record highs.
Since Q1 2020, Queensland dwelling prices have surged 103.1% — from $525k to $1.07M. That's not just inflation. That's a structural shift in who can afford to own property and who can't. The line between homeowners and renters is increasingly the line between wealth and insecurity.