Regional Price Index, February 2024

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 February 2024 report.

View our February report here

Regional Price Index Report Highlights

Housing market

  • The pricing index continues to show large fluctuations in median sales prices over the last quarter, for both capital city and regional areas. NSW’s Tumut – Tumbarumba saw the largest change, with an 11.3% shift over the last three months, followed by WA’s Gascoyne with an 8.5% change. Interestingly WA’s Wheat Belt–South softened slightly across January, going from a 47.1% change to a 6.5% change. Statewide, regional QLD identified the largest increase in median sale prices with a 2.5% increase, whilst both VIC and TAS saw no change over the last 3 months.

Unit market

  • In the unit market, VIC’s Moira saw the largest quarterly change with a 22% increase, followed closely by NSW’s Tamworth-Gunnedah region at 18%. QLD at 1.4% and WA at 1.9% were the only two regional states to see increases in regional sold medians over the past 3 months. TAS, SA and NSW held at 0%, whilst VIC identified a -1.8% change.

View our February report here