Ray White Australia’s Regional House Report – Issue No. 1
Over the past decade, regional Australia has seen house prices surge by 91.6%, with the geometric mean rising from $336,203 in 2013/14 to $644,286 in 2023/24. Tasmania led with a 124.2% increase, while New South Wales now holds the title of the most expensive regional market after a 110.5% rise. Sales trends have been more volatile, peaking in 2017/18 and 2021/22, but ending the last fiscal year with 136,268 transactions—a modest 8.2% increase.
Regional Queensland leads in sales and high-value suburbs, with notable growth in the Rockhampton Region in areas like Park Avenue and Mount Morgan. This report explores these trends across all six states, with a focus on key regional areas.
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