Rising property values are driving up Australia’s level of household wealth.

Australian Bureau of Statistics data shows that the household wealth rose by 2.5% or $453.7 million in the December quarter.

ABS Head of Finance Statistics, Dr Mish Tan, says rising house prices continue to be the main driver of growth in household wealth. Residential land and dwellings are up by 3.2% of $368.6 billion during the quarter.

This contributed two percentage points to the growth in household wealth, while superannuation assets contributed 0.3 percentage points.

“The mean price of residential dwellings was up 2.7% in the December quarter 2025, with strong growth seen in Western Australia, Queensland and South Australia,” Tan says.

The December quarter has the strongest growth in housing loans since December 2021, with strength across all borrower types.

Tan says recent policy changes for first home buyers are reflected in the strength of new loan commitments.

The expansion of the Australian Government 5% Deposit Scheme and the Australian Government Help to Buy Scheme have contributed to this.