Diverging Listings Trend, September 2024

The IPN Diverging Listings Trends Report focuses on analysing listing activity across Australia’s regional housing markets, comparing it to capital city markets. This report highlights how supply dynamics have shifted in the current market, specifically looking at the increase or decrease in property listings.

View our September report here

Diverging Listings Trends Report Highlights

Capital Cities

Comparing a rolling 12-month average, capital cities are experiencing notable increases in listings, with Melbourne City recording the largest rise of 418 additional listings compared to the 12-month average. Other areas such as Melton - Bacchus Marsh (+331) and Wyndham (+311) have also seen substantial growth in supply. In Greater Sydney, Blacktown - North (+175) and Sydney Inner City (+115) stand out among the areas contributing to the overall rise in listings. These increases are largely driven by affordability pressures and new stock entering the market.

Regional Areas

In comparison, regional areas are showing stable market conditions. Key regions such as Latrobe Valley (+87) and Ormeau - Oxenford (+78) have seen smaller listing increases, while some areas, like Shoalhaven, have even experienced declines. The stability of regional areas, compared to capitals, can be attributed to balanced supply and demand dynamics.

Overall, the data highlights that regional markets are more resilient and less affected by the economic forces impacting capital cities. Urban areas may continue to face upward pressure on listings, whilst regional areas remain steady.

View our September report here