The IPN Regional Price Index analyses the short-term fluctuations in house and unit markets across regions in NSW, VIC, QLD, SA, WA, and TAS, excluding capital city areas. Published monthly, the data is derived from agent-advised sale prices for houses and units and is calculated over a rolling 12-month sample period. Read our April 2024 report.
Regional Price Index Report Highlights
Housing market
- The pricing index continues to identify changes in median sales prices for both capital city and regional areas. WA’s Wheat Belt – North identified the largest change, with a +8.9% shift over the last three months, followed by NSW’s Young – Yass region at +8.5%. SA’s Lower North rounded out the top three with a change of +7.8%. Statewide, regional QLD saw the largest shift with +3% over the past quarter, whilst WA identified a +2.2% shift. VIC was the only state to hold steady, with a 0.9% change over the last three months.
Unit market
- In the unit market, VIC’s Moira continues to see the largest quarterly change with a +15% increase, down from +22% last month. VIC’s Glenelg – Southern Grampians identified a +10% change, closely followed by WA’s West Pilbara at +8%. Statewide, across regional areas, all states saw an increase over the past quarter, except for VIC, which held steady at 0%. SA saw the largest increase at 3.2%, followed by WA at 1.5%.