Average Aussie Home Now Worth $1 Million: What This Means for Bundaberg Buyers and Sellers

According to the Australian Bureau of Statistics (ABS), the average price of residential dwellings in Australia has officially hit a record $1 million. This figure includes both the home and the land it sits on, reflecting the soaring demand for property across the country.

Australia’s Property Market Hits a New Milestone

In the March 2025 quarter, the total value of Australia’s 11.1 million residential dwellings climbed to $11.1 trillion, with the mean dwelling price increasing to $1,011,400.

This million-dollar milestone isn't just a headline—it’s a signal of how the national market is performing post-pandemic, amid population growth, tightening supply, and shifting buyer behaviour.

Source: Australian Bureau of Statistics, 2025.
Data is preliminary and may be revised in upcoming quarters.

What Does This Mean for Bundaberg?

While Bundaberg homes are still well below the $1 million mark, the national trend has a ripple effect:

• Increased interest in regional areas: As capital city prices soar, more buyers are looking to regional areas like Bundaberg for affordability and lifestyle.

• Rising property values locally: Bundaberg has seen steady growth in dwelling values, and national momentum continues to put upward pressure on prices.

• Investor attention: With rental yields tightening in metro markets, investors are eyeing Bundaberg for better returns and lower entry prices.

Why Are Prices So High?

Several key drivers are contributing to these figures:

• Population growth and migration

• Limited housing supply

• Rising construction costs

• Strong demand from buyers and investors

• Return of overseas buyers and international students

What Locals Should Know

If you’re a homeowner in Bundaberg, now could be the perfect time to leverage increased equity and consider upsizing, investing, or selling. If you're a buyer, Bundaberg still offers excellent value compared to other regional and metro markets, but competition is heating up—getting pre-approved and working with a local expert has never been more important.

And if you're a first home buyer—don't panic. There are still affordable options, especially in outer suburbs and rural fringes. It just means being savvy, strategic, and ready to act when the right opportunity comes along.

Need Help Navigating the Market?

Whether you're looking to buy, sell, or invest in Bundaberg, the team at First National Real Estate Bundaberg is here to guide you with expert local insight and up-to-date property data. Let’s turn this million-dollar milestone into an opportunity—right here in our own backyard.

Contact us today at www.firstnationalbundaberg.com.au