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In our September IPN Regional Listings Index report, the Australian regional property listing landscape reveals interesting shifts in market supply. Total capital city listings increased in August by 4%, whereas the overall number of listings across all regional areas inched up by 1%. State-level fluctuations vary considerably, indicating a more complex supply dynamic.
View our September report here.
Report Highlights
New South Wales
Overall listings in regional New South Wales grew by 2%, compared to its capital counterpart, which increased by 7%. There were material changes in some SA3 areas. The largest increases were in Broken Hill and far West +26%, Snowy Mountains +18%, Lake Macquarie West +16%, Wollongong +14% and Queanbeyan +12%.
Victoria
Regional Victoria had the second-largest overall listing increase, up 3%. The biggest increase in listings can be seen in Geelong 12%, Latrobe Valley +11%, Bendigo +8%, Ballarat +6%.
Queensland
Month on month, regional Queensland listings were down 1%. Interestingly, regional Queensland boasts the largest listings of all states, and is the only state or territory with more regional listings than its capital. The notable regional listing increases were Ormeau-Oxenford +17%, Robina +17%, Whitsunday +16% and Toowoomba +13%.
Other states
Western Australia's 4% drop in listings across regional and capital signals a tightening market, which could lead to upward pressure on property prices. South Australia's regional listings were stable, while Tasmania's listings were 1% lower.
Substantial listing increases in Darwin +16% and ACT +14% could indicate a softening of property prices.
The upcoming months will be crucial for observing whether these trends in property listings continue to diverge, stabilise, or pivot in a new direction.