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 June 2024 report.
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 Young – Yass identified the largest increase at +15% over the past three months, followed by WA’s Wheat Belt – North at +11%, up from +9.8% in April. Statewide, regional QLD remained steady MoM, again seeing the largest shift with +3.4% over the past quarter (compared to +3.5% in April), whilst SA identified a +1.3% shift, closely followed by WA at +1.1%. Both VIC & TAS saw no change over the past three months, holding at 0%.
Unit market
- In the unit market, NSW’s Tamworth – Gunnedah saw the largest change at +22%, followed by QLD’s Bundaberg and VIC’s Shepparton, both at +10%. Statewide, across regional areas, WA saw a +3.2% increase over the past quarter, up from +2.4% in April, closely followed by QLD at +1.9% and NSW at +1.5%. SA was the only state to hold at 0%.