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 quarterly, 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 April 2025 report.
Regional Price Index Report Highlights
Housing market
In the housing market, WA leads nationally, with capital city medians rising +3.3%, while regional WA surged by +5.8%, the strongest regional performance this quarter. QLD saw the next best performance, with a +1.6% gain in Brisbane and a 2.7% rise in regional areas. This was driven by robust demand in key hubs like Gladstone, Mackay, and the Central Highlands, where prices rose by as much as 16%.
SA also recorded steady growth, with Adelaide up +1.9% and regional SA climbing +1.2%. NSW saw more moderate gains, with Sydney house prices up +1.5% and regional NSW up +1%. In contrast, VIC and TAS both recorded declines in capital house prices, down 0.5% and 1.5% respectively, while regional house prices in VIC fell 0.9% and regional TAS rose modestly by 1.0%.
Unit market
WA also led nationally in the unit market, with capital city unit prices rising +4.4% and regional prices up +1.3%. QLD remained strong, with capital city prices up +2.9% and regional unit medians rising +3.3%, outpacing Brisbane. SA followed with +2.7% growth in Adelaide and a notable +4.5% lift in regional areas. Modest increases were recorded in NSW (+1.2% in Sydney, +0.8% regionally), while VIC remained flat in Melbourne and edged up 0.2% regionally. TAS saw minimal change, with the capital up +0.6% and a slight -0.5% fall in regional units.