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 July 2024 report.
Regional Price Index Report Highlights
Housing market
- In the housing market, QLD’s Outback – North saw the largest 3-month change in median sale prices, with a +15% increase over the last quarter. NSW’s Lower Murray, as well as WA’s Wheat Belt – North, as well as Augusta – Margaret River – Busselton saw increases of 9%. Nationally, QLD identified the largest increase in regional sold median houses, with a +2.2% shift in the last 3 months, closely followed by WA at +2.2%. SA saw an increase of +1.3%, whilst NSW, VIC and TAS all held steady with no change.
Unit market
- In the unit market, NSW’s Tamworth – Gunnedah saw the largest change for the second month in a row, at +20%. NSW’s Bathurst and WA’s Augusta – Margaret River – Busselton rounded out the top 3 with a +9% change. Similar to the housing market, QLD saw the largest quarterly shift at +3.1%, closely followed by WA at +3%. NSW identified a +0.8% shift, whilst VIC and TAS held at 0% change. Interestingly, SA identified a decrease in the regional sold medians for units at -3.1%.