Estimated value of Australia’s residential dwellings.
ABS · June quarter 2026 · preliminaryMELBOURNE · VICTORIA · AUSTRALIA
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PROPERTY / PERSPECTIVE01 — MELBOURNE, AUSTRALIA
30+Years in property
$1bn+Property transactions across Scott’s career
Real experience.Sales · Leasing · Development · Management
AUSTRALIAN PROPERTY / THE BIGGER PICTURE
The market.
In perspective.
Behind every property decision sits a wider story: the scale of housing, the cost of money and the conditions in your local market.
Residential dwellings across Australia.
ABS · June quarter 2026Estimated national average across houses and units.
ABS · June quarter 2026 · preliminaryThe policy benchmark influencing borrowing conditions.
Effective 30 September 2026INTEREST RATES THROUGH TIME
Today’s rate has a history.
Explore the RBA cash rate target across more than three decades, from the high-rate early 1990s to the 0.10% pandemic low and today’s settings.
RBA cash rate target, per annum · August 1990–10 October 2026. Step chart shows changes on their effective dates. This is the policy rate; individual mortgage and business lending rates differ.
View key dates and rates
| Effective date | Cash rate target |
|---|---|
| 02 August 1990 | 14.00% |
| 04 November 2020 | 0.10% |
| 04 May 2022 | 0.35% |
| 08 November 2023 | 4.35% |
| 30 September 2026 | 4.60% |
AUSTRALIAN HOUSING PRICES THROUGH TIME
The national average, in perspective.
Explore how the estimated average value of an Australian residential dwelling has changed. The ABS measure covers houses and units across Australia, rather than the median sale price of detached houses.
ABS mean price of residential dwellings, Australia · September 2011–June 2026 · Quarterly observations in nominal Australian dollars; not adjusted for inflation. June 2026 is preliminary. This consistent national series begins in 2011, so it does not cover the full cash-rate history.
View the quarterly price data
| Quarter | Mean dwelling price |
|---|---|
| Sep 2011 | $490,800 |
| Dec 2011 | $486,900 |
| Mar 2012 | $488,600 |
| Jun 2012 | $489,900 |
| Sep 2012 | $486,300 |
| Dec 2012 | $496,400 |
| Mar 2013 | $501,100 |
| Jun 2013 | $508,100 |
| Sep 2013 | $515,500 |
| Dec 2013 | $532,700 |
| Mar 2014 | $539,300 |
| Jun 2014 | $547,500 |
| Sep 2014 | $553,500 |
| Dec 2014 | $568,700 |
| Mar 2015 | $579,300 |
| Jun 2015 | $600,100 |
| Sep 2015 | $611,000 |
| Dec 2015 | $611,600 |
| Mar 2016 | $609,300 |
| Jun 2016 | $619,500 |
| Sep 2016 | $628,600 |
| Dec 2016 | $651,600 |
| Mar 2017 | $665,000 |
| Jun 2017 | $678,800 |
| Sep 2017 | $676,400 |
| Dec 2017 | $689,700 |
| Mar 2018 | $688,000 |
| Jun 2018 | $681,100 |
| Sep 2018 | $671,700 |
| Dec 2018 | $661,400 |
| Mar 2019 | $646,000 |
| Jun 2019 | $649,300 |
| Sep 2019 | $668,800 |
| Dec 2019 | $686,800 |
| Mar 2020 | $694,700 |
| Jun 2020 | $689,400 |
| Sep 2020 | $706,700 |
| Dec 2020 | $738,900 |
| Mar 2021 | $778,300 |
| Jun 2021 | $813,900 |
| Sep 2021 | $865,700 |
| Dec 2021 | $916,800 |
| Mar 2022 | $930,600 |
| Jun 2022 | $921,200 |
| Sep 2022 | $890,500 |
| Dec 2022 | $891,000 |
| Mar 2023 | $890,900 |
| Jun 2023 | $914,900 |
| Sep 2023 | $925,200 |
| Dec 2023 | $949,400 |
| Mar 2024 | $962,100 |
| Jun 2024 | $982,200 |
| Sep 2024 | $983,300 |
| Dec 2024 | $1,002,900 |
| Mar 2025 | $1,007,800 |
| Jun 2025 | $1,029,900 |
| Sep 2025 | $1,050,900 |
| Dec 2025 | $1,093,200 |
| Mar 2026 | $1,108,600 |
| Jun 2026 | $1,100,400 |
A change in the national average does not measure the return on an individual property. Local markets, dwelling mix and the asset itself matter. Source: ABS — Total Value of Dwellings ↗
THE LONGER VIEW / 1970–2026
More than five decades of housing-price history.
See the long-run movement in Australian residential property prices through the BIS historical series. The index uses 2010 = 100: a reading of 200 represents twice the index’s 2010 base level. It shows price movements, rather than an average dollar price.
Quarterly · Q1 1970–Q1 2026 · Nominal price index, 2010 = 100 · Not seasonally adjusted or adjusted for inflation. Coverage: new and existing dwellings in eight major cities. The historical series combines sources and methodologies over time; it is distinct from the all-Australia ABS mean dwelling value above. Latest available observation in this retrieved series: Q1 2026.
View the historical quarterly index
| Quarter | Index |
|---|---|
| Q1 1970 | 3.1274 |
| Q2 1970 | 3.1846 |
| Q3 1970 | 3.2736 |
| Q4 1970 | 3.3753 |
| Q1 1971 | 3.4707 |
| Q2 1971 | 3.5501 |
| Q3 1971 | 3.6582 |
| Q4 1971 | 3.7980 |
| Q1 1972 | 3.8806 |
| Q2 1972 | 3.9474 |
| Q3 1972 | 4.0586 |
| Q4 1972 | 4.2779 |
| Q1 1973 | 4.3987 |
| Q2 1973 | 4.6593 |
| Q3 1973 | 5.0375 |
| Q4 1973 | 5.3871 |
| Q1 1974 | 5.7368 |
| Q2 1974 | 5.9306 |
| Q3 1974 | 6.0005 |
| Q4 1974 | 6.1436 |
| Q1 1975 | 6.2675 |
| Q2 1975 | 6.5281 |
| Q3 1975 | 6.7125 |
| Q4 1975 | 6.9095 |
| Q1 1976 | 7.1765 |
| Q2 1976 | 7.3449 |
| Q3 1976 | 7.3354 |
| Q4 1976 | 7.5738 |
| Q1 1977 | 7.7708 |
| Q2 1977 | 7.9552 |
| Q3 1977 | 7.9806 |
| Q4 1977 | 8.1268 |
| Q1 1978 | 8.3429 |
| Q2 1978 | 8.3175 |
| Q3 1978 | 8.3588 |
| Q4 1978 | 8.4510 |
| Q1 1979 | 8.9055 |
| Q2 1979 | 9.4648 |
| Q3 1979 | 9.6746 |
| Q4 1979 | 9.8431 |
| Q1 1980 | 10.0624 |
| Q2 1980 | 10.5772 |
| Q3 1980 | 10.9141 |
| Q4 1980 | 11.2828 |
| Q1 1981 | 12.0011 |
| Q2 1981 | 12.3952 |
| Q3 1981 | 12.1632 |
| Q4 1981 | 12.7384 |
| Q1 1982 | 12.6018 |
| Q2 1982 | 12.9895 |
| Q3 1982 | 12.7607 |
| Q4 1982 | 12.7067 |
| Q1 1983 | 13.0404 |
| Q2 1983 | 13.4980 |
| Q3 1983 | 13.4122 |
| Q4 1983 | 14.0288 |
| Q1 1984 | 14.4897 |
| Q2 1984 | 14.8297 |
| Q3 1984 | 15.4463 |
| Q4 1984 | 15.4273 |
| Q1 1985 | 16.2123 |
| Q2 1985 | 16.3744 |
| Q3 1985 | 16.7494 |
| Q4 1985 | 16.9941 |
| Q1 1986 | 17.3692 |
| Q2 1986 | 17.8395 |
| Q3 1986 | 17.3501 |
| Q4 1986 | 17.5503 |
| Q1 1987 | 17.7474 |
| Q2 1987 | 17.9444 |
| Q3 1987 | 18.2527 |
| Q4 1987 | 19.1299 |
| Q1 1988 | 19.9753 |
| Q2 1988 | 21.0464 |
| Q3 1988 | 23.1059 |
| Q4 1988 | 25.4197 |
| Q1 1989 | 27.4792 |
| Q2 1989 | 28.0163 |
| Q3 1989 | 28.0163 |
| Q4 1989 | 28.1021 |
| Q1 1990 | 28.2420 |
| Q2 1990 | 28.4962 |
| Q3 1990 | 28.2420 |
| Q4 1990 | 28.4104 |
| Q1 1991 | 28.3818 |
| Q2 1991 | 28.7219 |
| Q3 1991 | 29.5959 |
| Q4 1991 | 29.5959 |
| Q1 1992 | 29.3989 |
| Q2 1992 | 29.4847 |
| Q3 1992 | 29.5101 |
| Q4 1992 | 29.7930 |
| Q1 1993 | 30.0758 |
| Q2 1993 | 30.2729 |
| Q3 1993 | 30.3015 |
| Q4 1993 | 30.5843 |
| Q1 1994 | 30.9212 |
| Q2 1994 | 31.2899 |
| Q3 1994 | 31.7698 |
| Q4 1994 | 31.6268 |
| Q1 1995 | 31.9383 |
| Q2 1995 | 31.7126 |
| Q3 1995 | 31.7698 |
| Q4 1995 | 31.7126 |
| Q1 1996 | 31.6554 |
| Q2 1996 | 32.0495 |
| Q3 1996 | 32.1639 |
| Q4 1996 | 32.2466 |
| Q1 1997 | 32.5294 |
| Q2 1997 | 32.9521 |
| Q3 1997 | 33.5465 |
| Q4 1997 | 34.1948 |
| Q1 1998 | 35.0403 |
| Q2 1998 | 35.8030 |
| Q3 1998 | 35.8030 |
| Q4 1998 | 36.3942 |
| Q1 1999 | 37.0457 |
| Q2 1999 | 37.8912 |
| Q3 1999 | 38.5967 |
| Q4 1999 | 39.8649 |
| Q1 2000 | 40.5990 |
| Q2 2000 | 41.5589 |
| Q3 2000 | 41.5017 |
| Q4 2000 | 42.4901 |
| Q1 2001 | 43.4213 |
| Q2 2001 | 44.9723 |
| Q3 2001 | 47.3147 |
| Q4 2001 | 49.0913 |
| Q1 2002 | 50.9538 |
| Q2 2002 | 53.9858 |
| Q3 2002 | 56.2360 |
| Q4 2002 | 58.2892 |
| Q1 2003 | 59.8529 |
| Q2 2003 | 63.0820 |
| Q3 2003 | 66.7942 |
| Q4 2003 | 69.3114 |
| Q1 2004 | 69.0223 |
| Q2 2004 | 68.3446 |
| Q3 2004 | 68.3446 |
| Q4 2004 | 69.5063 |
| Q1 2005 | 69.4095 |
| Q2 2005 | 69.8935 |
| Q3 2005 | 69.7967 |
| Q4 2005 | 71.1520 |
| Q1 2006 | 71.9264 |
| Q2 2006 | 74.5402 |
| Q3 2006 | 75.8955 |
| Q4 2006 | 77.2507 |
| Q1 2007 | 77.9284 |
| Q2 2007 | 81.4134 |
| Q3 2007 | 84.3175 |
| Q4 2007 | 87.5121 |
| Q1 2008 | 87.8993 |
| Q2 2008 | 87.1249 |
| Q3 2008 | 85.1888 |
| Q4 2008 | 84.0271 |
| Q1 2009 | 83.8335 |
| Q2 2009 | 87.3185 |
| Q3 2009 | 90.9971 |
| Q4 2009 | 96.0310 |
| Q1 2010 | 99.0319 |
| Q2 2010 | 100.9681 |
| Q3 2010 | 99.7096 |
| Q4 2010 | 100.2904 |
| Q1 2011 | 99.4192 |
| Q2 2011 | 98.7415 |
| Q3 2011 | 96.9990 |
| Q4 2011 | 96.2246 |
| Q1 2012 | 96.8054 |
| Q2 2012 | 97.1926 |
| Q3 2012 | 96.9990 |
| Q4 2012 | 99.1288 |
| Q1 2013 | 99.8064 |
| Q2 2013 | 102.3233 |
| Q3 2013 | 104.8403 |
| Q4 2013 | 109.0029 |
| Q1 2014 | 110.5518 |
| Q2 2014 | 112.6815 |
| Q3 2014 | 114.0368 |
| Q4 2014 | 116.3601 |
| Q1 2015 | 118.1994 |
| Q2 2015 | 123.7173 |
| Q3 2015 | 126.2343 |
| Q4 2015 | 126.4279 |
| Q1 2016 | 126.2343 |
| Q2 2016 | 128.7512 |
| Q3 2016 | 130.6873 |
| Q4 2016 | 136.1084 |
| Q1 2017 | 139.1094 |
| Q2 2017 | 141.8199 |
| Q3 2017 | 141.5295 |
| Q4 2017 | 142.8848 |
| Q1 2018 | 141.9167 |
| Q2 2018 | 140.9487 |
| Q3 2018 | 138.8190 |
| Q4 2018 | 135.5276 |
| Q1 2019 | 131.4618 |
| Q2 2019 | 130.4937 |
| Q3 2019 | 133.6883 |
| Q4 2019 | 138.9158 |
| Q1 2020 | 141.1423 |
| Q2 2020 | 138.6254 |
| Q3 2020 | 139.6902 |
| Q4 2020 | 143.9497 |
| Q1 2021 | 151.6941 |
| Q2 2021 | 161.8587 |
| Q3 2021 | 169.9903 |
| Q4 2021 | 178.0252 |
| Q1 2022 | 182.9175 |
| Q2 2022 | 183.4788 |
| Q3 2022 | 177.1329 |
| Q4 2022 | 172.5522 |
| Q1 2023 | 171.7021 |
| Q2 2023 | 176.5027 |
| Q3 2023 | 181.3528 |
| Q4 2023 | 185.0522 |
| Q1 2024 | 188.1040 |
| Q2 2024 | 192.1255 |
| Q3 2024 | 194.8374 |
| Q4 2024 | 195.7362 |
| Q1 2025 | 196.5064 |
| Q2 2025 | 199.9290 |
| Q3 2025 | 204.7214 |
| Q4 2025 | 211.5761 |
| Q1 2026 | 216.1282 |
Sources: National sources, BIS Residential Property Price database, BIS ↗. Series QAUN628BIS retrieved through FRED, Federal Reserve Bank of St. Louis ↗. Checked 10 October 2026. Historic price movements do not establish future returns.
WHAT THE HISTORY TELLS US / SCOTTBANKS PERSPECTIVE
A long-term trend. A property-specific decision.
Across more than five decades, the residential price index has risen substantially. The useful conclusion is that long-term growth and short-term uncertainty can coexist. Understanding both helps turn a market story into a considered property decision.
Growth has compounded over time.
From Q1 1970 to Q1 2026, the index increased from 3.1274 to 216.1282 — equivalent to approximately 7.9% compound annual price growth over 56 years. That is a historical, nominal rate: it includes inflation and is not a forecast or an investor’s net return.
Prices do not rise every year.
The index fell approximately 8.7% from Q4 2017 to Q2 2019, and 6.4% from Q2 2022 to Q1 2023. Later recovery does not remove the pressure of a downturn for someone who needs to sell. Purchase price, borrowing and holding capacity matter.
A broad trend is not an asset valuation.
This series covers new and existing dwellings in eight major cities. It cannot establish the outlook for a particular suburb, building or property type. Residential history also does not establish expected returns for commercial, industrial or rooming-house assets.
Price growth is only part of the outcome.
The chart does not measure rental income, vacancy, interest, maintenance, transaction costs or tax. Nor does it show purchasing-power gains after inflation. A property can rise in price while delivering a disappointing overall return.
Our conclusion: use history for perspective, then test the asset.
For a purchase, development or repositioning decision, we examine local supply and demand, achievable income, total costs and alternative uses. We test slower leasing, higher costs and a weaker sale outcome. Any proposed value uplift needs evidence of demand and a feasible delivery pathway. The objective is a decision supported by evidence, with a workable plan through changing conditions.
scottbanks interpretation and calculations from the BIS series shown above, Q1 1970–Q1 2026. Compound annual growth uses the first and last index readings across 56 years; the result depends on the selected period. Historical coverage and methodology vary through the series.
Scale is only the starting point.
A national total tells us how large the housing market is. It does not tell us what a particular property is worth, or whether its local market has the demand to support an investment.
The cost of money changes the equation.
Borrowing costs affect cash flow and feasibility. A useful assessment tests income, vacancy and expenditure under different conditions, alongside the property’s local competition.
Snapshot checked 10 October 2026. Figures are dated observations and are not a live feed. Housing values exclude commercial and industrial property. Sources: ABS — Total Value of Dwellings ↗ · RBA — Cash Rate Target ↗ · RBA historical data ↗
What does the market mean for your property? ↗COMPLEXITY INTO CLARITY
From overwhelming
uncertainty to
logical decisions.
A complex market becomes more manageable when the evidence is organised, the assumptions are tested and the choices are clearly explained.
We examine the interaction between supply, demand, location, rental performance, costs and competing uses. Our research combines detailed market comparisons, spatial analysis, trends over time and scenario modelling with practical experience of owning, developing, transacting and managing property.
That depth is translated into an assessment you can understand: what we know, what remains uncertain, which factors matter most and how different choices could affect the outcome.
You gain a logical basis for a decision, with the risks and trade-offs made visible.
DEPTH IN THE ANALYSIS. CLARITY IN THE ADVICE.
Look beyond
the headline numbers.
Different sources tell different parts of the story. We bring them together and examine how they relate to your property.
Understand the competitive landscape.
Compare properties, rents, available stock and relevant transactions. Examine location, catchments and product differences through mapping and structured comparisons.
Find what is influencing the result.
Assess demand, vacancy, leasing conditions, income and operating costs. Distinguish observable evidence from estimates and identify gaps that could change the conclusion.
Test more than one outcome.
Explore how changes in rent, occupancy, expenditure, timing and market conditions affect a proposal. Compare the upside with the downside and the cost of getting there.
Translate the findings into a path forward.
Set out the available options, their commercial implications and the steps needed to assess or implement them. Keep the reasoning clear so you can make an informed choice.
RESEARCH WITH A PURPOSE
What decision
are you facing?
Focused assessments shaped around your property, your objectives and the decision ahead.
Property & market assessments
Understand local competition, asking rents, available supply and the evidence supporting achievable income.
- Rooming houses & private-suite accommodation
- Residential rental competition
- Commercial & industrial property
Asset performance & repositioning
Examine how an asset is used, presented and leased. Compare repositioning options, their costs and their potential to improve income, market appeal and value.
- Rental and occupancy reviews
- Leasing strategy & incentives
- Property presentation, configuration & use
Acquisition & feasibility reviews
Test the assumptions behind a proposed purchase or project, with attention to rental demand, competing supply and downside scenarios.
- Income and cost assumptions
- Market demand & sensitivity analysis
- Reconfiguration & value improvement options
Scope, deliverables and fees are agreed before each engagement.
ACROSS PROPERTY MARKETS & PROPERTY TYPES
One disciplined approach.
Different property markets.
Our analysis is tailored to the asset and its market. A residential rental, a commercial premises and an industrial property each have different demand drivers, constraints and opportunities.
Homes, accommodation
& development.
Rental competition, rooming houses and private-suite accommodation, product positioning, local supply and demand, and market validation for proposed developments.
Does the product match the people who need it?
Offices, retail
& mixed-use assets.
Leasing evidence, tenant requirements, rental positioning, incentives, configuration and alternative uses, considered against the cost and feasibility of change.
How can the asset better serve its market?
Factories, warehouses
& business premises.
Occupier demand, office and warehouse mix, access and functionality, leasing potential, and opportunities for reconfiguration or subdivision where feasible.
Which improvements could unlock greater utility and value?
ASSET REPOSITIONING & VALUE CREATION
See the asset
for what it
could become.
The best outcome may come from improving the way a property performs today, or changing how it serves its market.
We examine options such as a revised leasing strategy, better presentation, a different occupier mix, adding office space, reconfiguring a layout, subdivision or an alternative use. Each option needs to be tested against demand, cost, time, approvals and execution risk.
Our aim is to identify the highest and best achievable outcome for the asset and your objectives. That can mean stronger income, lower vacancy, improved functionality, greater value or a better-informed decision to hold, improve or sell.
Where an option warrants further investigation, we identify the planning, building, valuation and other specialist input required to establish its feasibility.
Discuss your asset’s potential ↗A SPECIALIST RESEARCH FOCUS
The rooming-house
market. In context.
Registration data, rental competition and operating experience offer different perspectives. Bringing them together helps owners examine their local market with greater clarity.
Explore rooming-house research & advisory ↗HOW WE EXAMINE A MARKET
01
Supply
Registered properties, location and changes over time.
02
Competition
Advertised accommodation, asking rents and product differences.
03
Performance
Leasing and occupancy evidence from day-to-day operations.
Registrations do not establish room counts or vacancies. Asking rents are distinguished from achieved rents; assumptions are identified in each assessment.
SCOTT BANKS
Judgement built
through experience.
A licensed estate agent and auctioneer with more than 30 years across residential and commercial property.
Scott’s career spans more than $1 billion in property transactions, alongside practical experience in development, leasing and ongoing management. That experience informs the questions we ask and the options we examine.
Research and advisory sit alongside the established sales, leasing and management services of Scott Banks Real Estate Group.
Scott Banks Real Estate Group ↗A CLEAR PROCESS
From your question
to your next step.
Start with the decision.
Discuss the property, your objectives and the question you need answered. Agree the scope and fee.
Build the evidence.
Assess relevant market data and property information. Identify assumptions, gaps and practical options.
Make it useful.
Review the findings together and consider your next steps. Agree any further implementation work separately.
START A CONVERSATION
What would you
like to understand?
Tell Scott about your property and the decision ahead. A location, an opportunity or a question is enough to begin.
Prepare your enquiry using the brief builder, then copy it into an email to Scott.
Email your brief to Scott ↗Visit our Contact page ↗