Regional Price Index, October 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 October 2023 report.

View our October 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 NSW’s Dubbo seeing the largest increase at 5.9%, with a current median sale price of $500,000. Broken Hill and Far West, also in NSW, have seen a 5.2% increase, whilst QLD’s port Douglas – Daintree rounds out the top three at 5.0% increase. All states have seen increases in regional sold median housing prices over the past three months, except for TAS which held steady at 0% change, and VIC which identified a -0.9% change.  

Unit market

  • SA saw the largest change in regional sold unit prices, with a 6.2% increase, whilst NSW identified a softening, with a -0.7% change. Richmond Valley – Coastal, in NSW and Shepparton, in VIC, both identified the largest increase over the past three months at +8%. Shoalhaven, in NSW and Grampians in VIC were close behind at +6%.

View our October report here