Mean residential dwelling prices by state and territory, the years of earnings needed to buy one, and how prices have changed since 2020.
The national average dwelling price is $1,100,400, or 9.8 years of average gross earnings. By state it ranges from $614k in Northern Territory to $1.30M in New South Wales. The national average is up 58% since Q1 2020.
Valid: Q2 2026 · Source: ABS Residential Property Price Indexes (Cat. 6416.0) and Average Weekly Earnings (Cat. 6302.0)
Mean residential dwelling prices by state and territory, ranked highest to lowest, Q2 2026.
Valid: Q2 2026 · Source: ABS Residential Property Price Indexes (Cat. 6416.0)
| Rank | State | Mean price | Exact | Price, to scale | Quarter |
|---|---|---|---|---|---|
| 1 | New South Wales | $1.30M | $1,304,900 | Q2 2026 | |
| 2 | Queensland | $1.13M | $1,130,600 | Q2 2026 | |
| 3 | Western Australia | $1.12M | $1,123,700 | Q2 2026 | |
| 4 | Australian Capital Territory | $982k | $981,700 | Q2 2026 | |
| 5 | South Australia | $980k | $979,600 | Q2 2026 | |
| 6 | Victoria | $918k | $918,400 | Q2 2026 | |
| 7 | Tasmania | $733k | $733,200 | Q2 2026 | |
| 8 | Northern Territory | $614k | $614,400 | Q2 2026 |
Mean dwelling price by state, quarterly since 2020. Hover for exact values.
Years of average gross full-time earnings needed to buy the average dwelling in each state. Formula: mean price ÷ annual earnings.
Total change in the mean dwelling price from the earliest available quarter to the latest.
| State | Change | Change, to scale | Mean price | Period |
|---|---|---|---|---|
| Western Australia | +124.2% | $501k to $1.12M | Q1 2020 to Q2 2026 | |
| Queensland | +115.4% | $525k to $1.13M | Q1 2020 to Q2 2026 | |
| South Australia | +110.5% | $465k to $980k | Q1 2020 to Q2 2026 | |
| Tasmania | +59.4% | $460k to $733k | Q1 2020 to Q2 2026 | |
| Northern Territory | +47.7% | $416k to $614k | Q1 2020 to Q2 2026 | |
| New South Wales | +45.7% | $896k to $1.30M | Q1 2020 to Q2 2026 | |
| Australian Capital Territory | +40.0% | $701k to $982k | Q1 2020 to Q2 2026 | |
| Victoria | +20.7% | $761k to $918k | Q1 2020 to Q2 2026 |
Three comparisons worked out from the figures above.
At the national average dwelling price of $1,100,400, a full-time worker on average earnings would need 9.8 years of gross pay to cover the purchase price, before stamp duty, conveyancing fees or interest. In 2020 it was about 7.3 years (estimated, assuming 2020 earnings were 85% of current earnings).
Source: ABS Cat. 6416.0 and 6302.0, Q2 2026.
The gap between the most and least expensive state is $690,500: New South Wales at $1,304,900 against Northern Territory at $614,400.
Source: ABS Cat. 6416.0, Q2 2026.
Since Q1 2020, mean dwelling prices in Western Australia have risen 124.2%, from $501k to $1.12M, the largest rise of any state.
Source: ABS RPPI, Q1 2020 to Q2 2026.