Regional Price Index, November 2023

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 November 2023 report.

View our November report here

Regional Price Index Report Highlights

Housing market

  • The price of regional housing listings has seen a large increase over the past quarter, with WA’s Wheat Belt–South seeing the largest increase at 26%, followed closely by SA Mid North with a 25% uplift. QLD Biloela rounded out the top three at 15.4%, which aligns with QLD being overrepresented in the top 20 housing price increases, with a burgeoning housing market, with city medians up by 3.%, and regional prices climbing by 2.0%.  

Unit market

  • QLD showed significant movement, notably in Northern areas, with Rockhampton, Bundaberg, Hervey Bay and Whitsunday outperforming the market. The largest change in units over the last three months came from NSW Wagga Wagga at 21%, whilst SA’s Eyre Peninsula and South West saw a 14% increase. Shepparton in VIC identified an 11% increase, whilst Rockhampton and Bundaberg, both in QLD, rounded out the top 5, with both seeing increases of 8%.

View our November report here