Australian regional property markets are showing signs of cooling . House prices in these areas have risen 6.5 per cent over the year , lagging behind the national average of 8.5 per cent . Regional Western Australia remains the standout , with a 1.2 per cent monthly increase bringing prices to $ 492,425 , representing the highest annual growth at 15.4 per cent . South Australia follows with 13.1 per cent annual growth and a 0.7 per cent monthly increase . Queensland maintains its upward trajectory , rising 0.9 per cent this month , equating to a 13 per cent year-on-year improvement , with a median price of $ 686,370 .
Victoria , Northern Territory , and Tasmania are under pressure , all recording monthly declines in values . Northern Territory and Victoria have seen annual reductions of 0.5 per cent and 0.6 per cent respectively . Regional houses in New South Wales occupy a middle ground between the best and worst performing markets . New South Wales saw no change this period , with annual growth at a modest 3.3 per cent .