Evidence
Dwelling Values Fall While Household Debt Keeps Climbing
Everything this story rests on. If a figure is not here, we did not publish it.
The one number
A$1,100,000
Mean national dwelling price, ABS, June quarter 2026.
The data
| Claim | Figure | Source | Period | Tier |
|---|---|---|---|---|
| Dwelling stock value, Q1 2026 | A$12,723 billion | ABS | 2026-Q1 | 1 |
| Dwelling stock value, Q2 2026 | A$12,689 billion | ABS | 2026-Q2 | 1 |
| Quarterly change in dwelling stock value | -A$34 billion | ABS | 2026-Q2 | 1 |
| Household credit, February 2026 | A$2,508.16 billion | RBA D2 | 2026-02 | 1 |
| Household credit, June 2026 | A$2,568.43 billion | RBA D2 | 2026-06 | 1 |
| Housing credit growth, 12-month, August 2026 | 7.3% | RBA D1 | 2026-08 | 1 |
| Housing credit growth, 12-month, April-July 2026 | 7.5% | RBA D1 | 2026-04 to 2026-07 | 1 |
| Housing credit growth, 12-month, March 2026 | 7.4% | RBA D1 | 2026-03 | 1 |
| RBA household debt-to-income, Q2 2026 | 178.4% | RBA E2 | 2026-Q2 | 1 |
| RBA household debt-to-income, Q1 2026 | 177.2% | RBA E2 | 2026-Q1 | 1 |
| Mean national dwelling price | A$1,100,000 | ABS | 2026-Q2 | 1 |
| RBA cash rate | 4.60% | RBA MR-2026-27 | 29 September 2026 | 1 |
| Total 2026 cash rate increase | +100 bps | RBA MR-2026-27 | 29 September 2026 | 1 |
Sources
| Series | Publisher | Tier | Period | Basis |
|---|---|---|---|---|
| Total value of residential dwellings ↗ | Australian Bureau of Statistics | Tier 1 | 2026-Q2 | ABS 6416.0 table |
| Household credit outstanding ↗ | Reserve Bank of Australia | Tier 1 | June 2026 | RBA Statistical Table D2, total household credit |
| Housing credit growth 12-month ↗ | Reserve Bank of Australia | Tier 1 | August 2026 | RBA Statistical Table D1 |
| Household debt-to-income ↗ | Reserve Bank of Australia | Tier 1 | 2026-Q2 | RBA Statistical Table E2 |
| Cash rate decision ↗ | Reserve Bank of Australia | Tier 1 | 29 September 2026 | RBA media release MR-2026-27 |
| Mean dwelling price ↗ | Australian Bureau of Statistics | Tier 1 | 2026-Q2 | ABS 6416.0 table |
Caveat
The RBA's aggregate data show the household debt-to-income ratio at 178.4% in June 2026, and the RBA's March 2026 Financial Stability Review found many households have built up financial buffers, so a one-quarter fall in values does not by itself signal widespread stress.
How to check this yourself
Follow the source links above. Each goes to the published series, not to our copy of it. Where we computed a figure rather than quoting one, the calculation is stated in the basis column. If you find an error, it gets a correction on the story.