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 March 2024 report.
Regional Price Index Report Highlights
Housing market
- The pricing index continues to show fluctuations in median sales prices for both capital city and regional areas. WA’s East Pilbara saw the largest change, with a +10.9% shift over the last three months, followed by SA’s Lower North and WA’s Gascoyne, both at +9%. Statewide, regional WA identified a +3.3% shift over the past three months, closely followed by +2.6% for SA. VIC held steady at 0% change, whilst TAS identified a -1% shift.
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, Both QLD & WA identified a +2.6% increase over the past quarter. TAS held steady at 0%, whilst there was a -0.7% shift for VIC.