Regions are continuing to outpace capital cities in terms of property price growth.

New house price data shows that the combined regional property value rose to almost $623,000 in the year to the end of April 2024.

This was up 0.8% on the previous month, while the combined capital cities only increased by 0.6% during the same period.

CoreLogic figures show that since April 2023 the regions with the biggest price increases are: Bunbury (WA) up 19.9%, Barossa (SA) up 17.9%, York Peninsula (SA) up 17.3% and Southport (Qld) up 16.6%.

Regional areas have gained 2.6% so far in 2024, compared to 2.1% for the combined capital cities.

So far in 2024, Western Australia (up 6.3%), South Australia (up 4.4%) and Queensland (up 4.1%) have been the strongest performing states.

CoreLogic research director Tim Lawless says April was the 15th month in a row that prices have increased with the national median up 11.1% ($78,000) since January 2023.