Ray White Now - April 2024 April 2024 | Page 6

Total median house price growth in regional Australia has moved similarly to metropolitan results , in the quest for affordable housing choices or investment opportunities . This is most apparent in the improved prices across New South Wales and Victoria , both up by 0.4 per cent this month , yet growth lags behind on an annual basis .
Continuing its trend , the increased need for accommodation in strong mining regions such as Western Australia and South Australia has buoyed values ahead of the national regional average . Both markets continued to grow this month , with Western Australia up 15.4 per cent annually to $ 479,713 and South Australia up 15.0 per cent ( 0.3 per cent last month ) to a median house price of $ 414,911 .