Growth in Australian regional property markets is showing signs of slowing , with house prices across regional areas increasing by a modest 0.2 per cent this month . Perth remains the standout market , with a 1.0 per cent monthly increase bringing prices to $ 495,383 , representing the highest annual growth of 17 per cent . South Australia follows with 15.1 per cent annual growth and a 0.4 per cent monthly increase . Queensland maintains steady growth , up 0.5 per cent this month , translating to a 14.2 per cent year-over-year improvement , with a mean price of $ 690,256 - the second highest in the country .
Victoria continues to experience value declines , down 0.3 per cent this month , while regional houses in New South Wales and Tasmania have both recorded 0.2 per cent decreases . These markets are now showing annual growth rates below the Australian house average of 9.5 per cent as demand for both investment and holiday homes in these areas dissipates .