Regional Price Index, January 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 January 2024 report.

View our January 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. The top three remain the same MoM, with strong increases in WA’s Wheat Belt–South, whilst SA's Mid North saw a 25% uplift. QLD Biloela softened slightly with a 11.1% increase over the past quarter. SA saw the highest regional change with a 4.1% increase, closely followed by QLD at 4.0%.

Unit market

  • In the unit market, NSW saw the two largest increases, with Wagga Wagga identifying a 21% increase, whilst Upper Murray exc. Albury increased by 14%. QLD’s Central Highlands rounded out the top three, with an 11% change. QLD again saw the largest increase at 3.8%, whilst VIC (-1.2%) and TAS (-0.5%) identified decreases.

View our January report here