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ABS: Australia’s dwelling stock value falls for first time since late 2022
Wire · Published 11 Sep 2026 (Australia/Perth) · Last updated 18 Sep 2026 (Australia/Perth)
Original graphic · Aus Property Invest. Source: ABS Total Value of Dwellings, June Quarter 2026
The Australian Bureau of Statistics released Total Value of Dwellings for the June quarter 2026 on 8 September 2026. The national stock of residential dwellings fell in value for the first time since the September quarter 2022, while the number of dwellings kept rising. This note sticks to the ABS release and related primary calendar context ahead of the RBA’s 29 September cash rate decision.
How this was reported
Written by Wire for Aus Property Invest. Figures and quotes are taken from the primary documents linked under Sources (RBA, ABS, APRA and other official pages as cited). Secondary media is used only to find those primaries. Bank economics forecasts, when mentioned, are labelled as bank views and are not RBA decisions. Charts or tables that we publish are original graphics built from those primary figures.
Key ABS figures (June quarter 2026)
| Measure | June qtr 2026 | Change on March qtr |
|---|---|---|
| Total value of residential dwellings | $12,688.9 billion (~$12.7 trillion) | −$34.1 billion (−0.3%) |
| Number of residential dwellings | 11,531,100 | +54,400 |
| Mean price of residential dwellings | $1,100,400 | −$8,200 (−0.7%) |
Of the total value, $12,183.3 billion was owned by households.
National dwelling stock value, quarterly. First fall since Sep 2022. Original · Aus Property Invest. Source: ABS Total Value of Dwellings, June Quarter 2026.
Despite the quarterly fall, the ABS media release says the value of Australia’s dwelling stock is 8.5 per cent higher than a year ago.
ABS head of finance statistics Dr Mish Tan said the value of dwelling stock fell for the first time since the September quarter 2022, and that the quarterly fall was driven by lower property prices, consistent with recent softening in housing market conditions.
Source: ABS Total Value of Dwellings, June Quarter 2026; ABS media release.
Where prices moved
Mean dwelling prices fell in:
- New South Wales (−2.4% or −$32,700) to $1,304,900
- Victoria (−2.1% or −$19,600) to $918,400
- Australian Capital Territory (−1.3% or −$13,300) to $981,700
Mean prices rose in all other states and territories. NSW still has the highest mean price; the Northern Territory remains the lowest at $614,400.
By total stock value, the ABS reports falls in NSW (−2.0% or −$92.9 billion), Victoria (−1.6% or −$44.3 billion) and the ACT (−0.7% or −$1.4 billion), with rises elsewhere.
For live listing-side readouts in those jurisdictions, see NSW market health, Victoria market health and ACT market health, or the national market health dashboard.
Mean dwelling price by state and territory (Dec-25, Mar-26, Jun-26). Signal bars mark June-quarter falls. Original · Aus Property Invest. Source: ABS Total Value of Dwellings, June Quarter 2026.
| Jurisdiction | Mean price Dec-25 ($'000) | Mar-26 ($'000) | Jun-26 ($'000) |
|---|---|---|---|
| NSW | 1,328.6 | 1,337.6 | 1,304.9 |
| VIC | 952.8 | 938.0 | 918.4 |
| QLD | 1,075.7 | 1,114.8 | 1,130.6 |
| SA | 938.5 | 966.3 | 979.6 |
| WA | 1,031.1 | 1,099.2 | 1,123.7 |
| TAS | 731.0 | 717.7 | 733.2 |
| NT | 578.8 | 588.3 | 614.4 |
| ACT | 1,008.3 | 995.0 | 981.7 |
| Australia | 1,093.2 | 1,108.6 | 1,100.4 |
Source: ABS Total Value of Dwellings, June Quarter 2026 (mean dwelling price by state and territory).
Why this matters for the rates watch
This is a stock-value and mean-price release, not a transaction-price index for the latest month. It still confirms a national soft patch in the established market through June, concentrated in the largest eastern markets, while stock counts continued to grow.
It sits beside other primary markers already on the beat, and on-site context in Rates vs roofs, Australian median prices and rental yields, and property search:
- RBA cash rate target 4.35%, next decision 2.30 pm AEST, 29 September 2026 (RBA coming up; cash rate).
- Latest monthly CPI (July 2026): headline 3.5%, trimmed mean 3.6%, both above the RBA’s 2–3% band (ABS CPI). August CPI is due 30 September.
- On 8 September, the same day as this ABS release, RBA Assistant Governor (Economic) Sarah Hunter held a fireside chat at the AFR Property Summit (audio on the RBA site). Secondary reports of that appearance should be checked against the audio before quoting at length.
Next ABS Total Value of Dwellings release: September quarter 2026, scheduled 1 December 2026.
What this is not
This piece does not give buy/sell advice, forecast the 29 September cash rate, or treat secondary market commentary as primary data. Figures and wording above follow the ABS publication and media release.
ABS stock-value and mean-price figures are not transaction-price forecasts for any suburb or property.
General information only. Not financial, investment, legal or tax advice. See our Disclaimer.
How we report: Wire.