<div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The collective value of </span><a href="https://www.9news.com.au/australia" rel="" target="" title="Australian"><span>Australian</span></a><span> homes has surged nearly $400 million in just a few months, surpassing an astonishing $12 trillion milestone, new data shows.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The Australian Bureau of Statistics (ABS) figures show the nation's homes are now worth a combined $12.3 trillion, after increasing 3.2 per cent in the December 2025 quarter.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>While house prices rose in every state and territory, Western Australia recorded the biggest spike, where dwellings rose an average of $70,500.</span></div></div><div><div id="adspot-mobile-medium"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE:</span></strong><span> </span><a href="https://www.9news.com.au/national/queensland-weather-bundaberg-emergency-declaration-major-flood-news/03eebd3d-1e5a-445f-be19-f91fbe05b60d" target="_blank"><strong><span>Bundaberg on emergency alert for major flooding similar to 2010 disaster</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>That hike has nudged the state into the million-dollar club alongside NSW and Queensland, where the mean dwelling price is more than $1 million.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The mean price of dwellings in the Northern Territory grew 15.1 per cent and Queensland rose 13.9 per cent.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Homes in Queensland saw an average 4.8 per cent hike in the last quarter, while South Australian prices weren't far behind, rising 4.5 per cent, or $40,800.</span></div></div><div><div class="OUTBRAIN" data-reactroot="" data-src="//www.9news.com.au/national/every-australian-home-is-now-worth-a-staggering-123-trillion-combined/76046c13-0180-44e8-8078-837345fb53a0" data-widget-id="AR_5"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"Annually, dwelling prices in Western Australia have risen faster than any other state or territory, rising 16.8 per cent to $1.01 million since December quarter 2024," ABS financial statistics head Dr Mish Tan said.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE:</span></strong><span> </span><a href="https://www.9news.com.au/world/iranian-footballers-asylum-australia-news-donald-trump-iran-deportation-migrants-usa-updates/eb00f5c5-2b5d-428a-a0c4-96c1fc9a9d80" target="_blank"><strong><span>As Trump demands asylum for footballers, other Iranians aren't getting the same treatment in the US</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The ACT saw the slowest annual growth at three per cent, while Melbourne and Sydney prices also slowed, increasing 3.4 and 3.6 per cent in the year to December 2025, respectively.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The national average dwelling price growth was 7.2 per cent</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Tan said the nation's housing market has grown without interruption since September 2022.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The most recent quarter saw the largest growth in those three years.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><em><span>NEVER MISS A STORY:</span></em></strong><span> </span><em><span>Get your breaking news and exclusive stories first by following us across all platforms.</span></em></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><ul><li><strong><em><span>Download the 9NEWS App here via</span></em></strong><span> </span><a href="https://apps.apple.com/au/app/9news/id1010533727" target="_blank"><strong><em><span>Apple</span></em></strong></a><span> </span><strong><em><span>and</span></em></strong><span> </span><a href="https://play.google.com/store/apps/details?id=nineNewsAlerts.nine.com&amp;hl=en_AU&amp;pli=1" target="_blank"><strong><em><span>Google Play</span></em></strong></a></li><li><strong><em><span>Make 9News your preferred source on Google by</span></em></strong><span> </span><a href="https://9.nine.com.au/8x987w" target="_blank"><strong><em><span>ticking this box here</span></em></strong></a></li><li><strong><em><span>Sign up to</span></em></strong><span> </span><a href="https://login.nine.com.au/edm?client_id=nineatnine" target="_blank"><strong><em><span>our breaking newsletter here</span></em></strong></a></li></ul></div></div>