Regional Price Index, May 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.

View our May report here

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. NSW’s Bourke – Cobar – Coonamble identified the largest increase at +14% over the past three months, followed by SA’s Lower North at +10.8% and WA’s Wheat Belt – North at +9.8%. Statewide, regional QLD again saw the largest shift with +3.5% over the past quarter, whilst SA identified a +2.9% shift, closely followed by WA at +2.1%. VIC held steady at 0% change, whilst TAS decreased at -1.0%.

Unit market

  • In the unit market, VIC’s Colac - Corangamite increased by +12%, with VIC’s Shepperton seeing an +8% rise. WA’s Augusta – Margaret River – Busselton rounded out the top three at +8%. Statewide, across regional areas, WA saw a +2.4% increase over the past quarter, closely followed by QLD at +2.3%. TAS and SA held steady at 0%.

View our May report here