Total household wealth rose by 2.5 per cent ($453.7 billion) in the December quarter 2025, according to figures released today by the Australian Bureau of Statistics (ABS).
The value of residential land and dwellings rose 3.2 per cent ($368.6 billion). This contributed 2 percentage points to the growth in Household wealth, while Superannuation assets contributed 0.3 percentage points.
Dr Mish Tan, ABS head of finance statistics, said: 'Rising house prices continue to be the main driver of growth in household wealth in the December quarter. The mean price of residential dwellings was up 2.7 per cent in the December quarter 2025, with strong growth seen in Western Australia, Queensland and South Australia.'
Household borrowing grew 2.0 per cent, or $64.2 billion, reducing the overall growth in household wealth by 0.3 percentage points.
| Wealth (Net worth) ($b) | Land and dwellings ($b) | Superannuation ($b) | Currency and deposits ($b) | Shares and equity ($b) | Other financial assets ($b) | Liabilities ($b) | |
|---|---|---|---|---|---|---|---|
| Dec-12 | 179.9 | 105.9 | 58.3 | 12.6 | 14.6 | -2.5 | -14.5 |
| Mar-13 | 145.9 | 54.4 | 68.0 | 9.7 | 22.9 | 1.0 | -14.6 |
| Jun-13 | -0.9 | 78.6 | -52.5 | 6.4 | -3.0 | 1.3 | -36.2 |
| Sep-13 | 212.9 | 83.3 | 88.4 | 26.3 | 21.0 | -0.5 | -11.4 |
| Dec-13 | 235.7 | 173.2 | 53.3 | 20.4 | 8.7 | 7.9 | -37.8 |
| Mar-14 | 139.0 | 76.5 | 46.1 | 9.7 | 19.4 | -1.4 | -19.7 |
| Jun-14 | 117.4 | 94.9 | 26.2 | 7.0 | 15.3 | 4.1 | -38.0 |
| Sep-14 | 164.6 | 82.6 | 51.3 | 29.5 | 13.1 | -0.7 | -19.6 |
| Dec-14 | 262.2 | 169.2 | 59.6 | 25.5 | 24.6 | 1.9 | -30.3 |
| Mar-15 | 263.8 | 125.0 | 106.0 | 13.9 | 34.9 | 7.6 | -32.0 |
| Jun-15 | 202.4 | 224.7 | 12.3 | 6.4 | 0.1 | -5.0 | -42.4 |
| Sep-15 | 122.9 | 129.6 | -24.5 | 37.2 | 0.9 | -2.5 | -22.0 |
| Dec-15 | 150.7 | 46.6 | 76.4 | 19.6 | 30.4 | -2.7 | -25.8 |
| Mar-16 | -13.8 | 9.6 | -18.7 | 12.8 | 3.6 | 1.9 | -26.2 |
| Jun-16 | 282.0 | 137.3 | 149.0 | 10.6 | 16.2 | 8.1 | -41.9 |
| Sep-16 | 230.7 | 125.7 | 79.3 | 25.3 | 23.7 | 3.1 | -30.1 |
| Dec-16 | 335.9 | 258.0 | 48.6 | 24.9 | 22.8 | 0.4 | -26.4 |
| Mar-17 | 231.7 | 160.4 | 63.2 | 9.8 | 20.8 | 1.6 | -29.9 |
| Jun-17 | 154.8 | 170.0 | 16.7 | 1.4 | 4.2 | -0.5 | -41.2 |
| Sep-17 | 28.0 | 14.2 | -3.4 | 21.7 | 11.8 | 6.6 | -26.8 |
| Dec-17 | 286.6 | 167.9 | 95.7 | 13.5 | 26.4 | 9.3 | -33.1 |
| Mar-18 | -13.8 | 17.1 | -16.6 | 10.0 | 2.2 | 0.3 | -30.8 |
| Jun-18 | 88.2 | -26.3 | 107.9 | 1.5 | 21.9 | 11.8 | -31.2 |
| Sep-18 | 34.6 | -51.0 | 47.7 | 28.2 | 18.8 | 5.1 | -16.0 |
| Dec-18 | -205.3 | -60.9 | -111.3 | 9.5 | -7.5 | -9.0 | -31.0 |
| Mar-19 | 57.9 | -119.6 | 142.6 | 5.4 | 33.6 | 14.4 | -20.2 |
| Jun-19 | 318.9 | 68.5 | 220.6 | 4.3 | 27.8 | 13.1 | -15.3 |
| Sep-19 | 336.0 | 225.8 | 63.2 | 25.9 | 16.9 | 11.3 | -6.2 |
| Dec-19 | 288.9 | 218.7 | 62.1 | 12.9 | 13.0 | 2.3 | -23.8 |
| Mar-20 | -249.7 | 106.0 | -275.5 | 18.2 | -63.2 | -16.6 | -21.6 |
| Jun-20 | 233.1 | -23.5 | 166.6 | 35.1 | 32.3 | 25.5 | -6.3 |
| Sep-20 | 347.3 | 222.4 | 38.9 | 65.2 | 7.5 | 7.8 | -1.7 |
| Dec-20 | 634.9 | 376.7 | 163.8 | 27.5 | 54.0 | 18.6 | -21.0 |
| Mar-21 | 550.2 | 457.0 | 67.0 | 13.7 | 28.2 | -2.5 | -27.6 |
| Jun-21 | 568.6 | 428.5 | 118.3 | 5.9 | 35.0 | 19.2 | -53.5 |
| Sep-21 | 731.5 | 598.5 | 62.0 | 75.0 | 25.7 | 7.5 | -52.5 |
| Dec-21 | 727.5 | 585.9 | 99.5 | 47.2 | 20.8 | 9.3 | -56.2 |
| Mar-22 | 169.1 | 196.3 | -51.3 | 33.2 | 22.2 | -7.4 | -41.1 |
| Jun-22 | -400.3 | -36.5 | -295.0 | 5.6 | -22.0 | -16.8 | -49.6 |
| Sep-22 | -206.2 | -255.3 | -4.2 | 52.4 | 14.3 | 5.4 | -29.4 |
| Dec-22 | 243.0 | 73.3 | 122.9 | 33.1 | 35.4 | 6.1 | -43.3 |
| Mar-23 | 200.5 | 60.9 | 114.5 | 26.3 | 21.1 | 1.8 | -33.9 |
| Jun-23 | 349.9 | 312.7 | 57.8 | -7.3 | 17.1 | 7.4 | -44.3 |
| Sep-23 | 251.5 | 168.1 | 8.4 | 52.1 | 35.3 | 7.9 | -26.3 |
| Dec-23 | 510.6 | 314.6 | 141.4 | 30.1 | 52.5 | -0.7 | -38.5 |
| Mar-24 | 380.9 | 176.6 | 145.5 | 32.0 | 57.5 | 5.5 | -45.2 |
| Jun-24 | 278.6 | 260.1 | 7.6 | -9.4 | 26.4 | 40.0 | -52.4 |
| Sep-24 | 315.0 | 56.4 | 145.9 | 60.7 | 49.5 | 26.7 | -28.7 |
| Dec-24 | 383.7 | 258.2 | 63.6 | 57.3 | 30.2 | 12.2 | -46.6 |
| Mar-25 | 111.0 | 88.7 | -14.6 | 28.5 | 17.0 | 24.8 | -39.8 |
| Jun-25 | 525.1 | 278.1 | 207.5 | 5.7 | 58.9 | 30.7 | -59.0 |
| Sep-25 | 474.5 | 218.9 | 164.1 | 63.8 | 38.0 | 14.1 | -27.7 |
| Dec-25 | 453.7 | 371.3 | 51.6 | 55.3 | 20.0 | 6.9 | -61.1 |
Total demand for credit was $142.4 billion this quarter.
This was driven by households ($63.3 billion), private non-financial businesses ($48.3 billion) and general government ($24.3 billion).
Household demand for credit was higher than September 2025 ($31.4 billion), driven by growth in housing loan balances.
'The December quarter had the strongest growth in housing loan balances since December 2021, with strength across all borrower types. Recent policy changes for first home buyers were reflected in the strength of new loan commitments which are flowing through to the increase in housing loan balances,' Dr Tan said.
In the December quarter, an expansion of the Australian Government 5% Deposit Scheme was introduced as well as the Australian Government Help to Buy Scheme.
| Private non-financial businesses ($b) | Households ($b) | General government ($b) | Other ($b) | |
|---|---|---|---|---|
| Dec-12 | 14.8 | 15.9 | 12.0 | 6.5 |
| Mar-13 | 24.8 | 12.3 | 8.6 | 1.3 |
| Jun-13 | 37.4 | 28.8 | -6.2 | 5.0 |
| Sep-13 | 26.1 | 3.7 | 28.9 | -0.3 |
| Dec-13 | 38.6 | 32.5 | 22.5 | 9.4 |
| Mar-14 | 7.9 | 18.7 | 20.1 | 0.0 |
| Jun-14 | 32.3 | 36.1 | 6.9 | 8.7 |
| Sep-14 | 33.6 | 13.6 | 24.2 | -6.1 |
| Dec-14 | 35.4 | 26.8 | 8.9 | 3.1 |
| Mar-15 | 43.2 | 25.1 | 16.1 | 7.4 |
| Jun-15 | 27.0 | 39.3 | 5.3 | 11.8 |
| Sep-15 | 39.7 | 12.3 | 36.4 | 3.8 |
| Dec-15 | 33.4 | 23.2 | 2.1 | 7.9 |
| Mar-16 | 30.4 | 25.1 | 22.0 | 3.4 |
| Jun-16 | 11.1 | 34.7 | 2.5 | 2.7 |
| Sep-16 | 20.3 | 28.5 | 25.8 | 6.0 |
| Dec-16 | 56.5 | 20.7 | 19.0 | -7.6 |
| Mar-17 | 6.3 | 21.6 | 18.9 | 4.4 |
| Jun-17 | 38.0 | 40.6 | 19.6 | 1.2 |
| Sep-17 | 33.4 | 18.0 | 5.4 | 6.0 |
| Dec-17 | 30.9 | 27.7 | 15.7 | 5.2 |
| Mar-18 | 39.0 | 19.6 | 6.3 | 3.7 |
| Jun-18 | 14.0 | 27.5 | 10.1 | 2.9 |
| Sep-18 | 67.0 | 11.1 | 5.9 | 9.1 |
| Dec-18 | 8.8 | 25.7 | 6.1 | 3.0 |
| Mar-19 | 35.5 | 15.3 | -0.3 | 5.4 |
| Jun-19 | 38.8 | 4.0 | 12.3 | -3.6 |
| Sep-19 | 18.1 | -0.1 | 25.8 | 4.5 |
| Dec-19 | 21.0 | 19.3 | 15.7 | 6.0 |
| Mar-20 | 49.7 | 3.9 | 35.6 | 5.4 |
| Jun-20 | -7.2 | 14.6 | 136.2 | 9.4 |
| Sep-20 | 2.0 | 6.3 | 144.0 | 6.9 |
| Dec-20 | 4.5 | 22.5 | 30.2 | 10.4 |
| Mar-21 | 18.4 | 28.1 | 20.2 | 5.5 |
| Jun-21 | 11.9 | 49.6 | 6.8 | 18.5 |
| Sep-21 | 58.0 | 41.1 | 48.9 | 8.3 |
| Dec-21 | 34.8 | 54.1 | 22.6 | 15.5 |
| Mar-22 | 162.6 | 41.6 | 13.6 | 11.3 |
| Jun-22 | 48.2 | 52.9 | 40.4 | 15.5 |
| Sep-22 | 77.3 | 26.0 | 15.5 | 6.7 |
| Dec-22 | 11.3 | 32.0 | 2.2 | -0.9 |
| Mar-23 | 41.7 | 18.8 | 16.8 | 9.1 |
| Jun-23 | -4.1 | 41.8 | -8.1 | 3.3 |
| Sep-23 | 56.2 | 13.4 | 20.2 | 9.0 |
| Dec-23 | 31.2 | 32.7 | 28.1 | 9.4 |
| Mar-24 | 46.7 | 32.5 | 23.9 | 9.7 |
| Jun-24 | 36.4 | 53.8 | -7.0 | 7.6 |
| Sep-24 | 38.0 | 25.6 | 44.4 | 4.3 |
| Dec-24 | 55.2 | 40.8 | -2.0 | 12.8 |
| Mar-25 | 44.6 | 34.6 | 38.2 | 8.4 |
| Jun-25 | 42.2 | 61.8 | -14.5 | 10.8 |
| Sep-25 | 55.7 | 31.4 | 58.8 | 5.7 |
| Dec-25 | 48.3 | 63.3 | 24.3 | 6.5 |
