In the April IPN Regional Listings Index report, the Australian regional property listing landscape reveals interesting shifts in market supply. Across March, the aggregate number of listings across all regions again increased by +2%, whilst capital cities saw an overall increase of +3%, down from +12% in January - February. State-level fluctuations continue to vary, indicating a more complex supply dynamic.
Regional Listings Index Report Highlights
New South Wales
Greater Sydney increased by +2%, whilst the rest of NSW uplifted by +1%. Daplo – Port Kembla identified the largest change at +12%, followed by Kempsey – Nambucca at +8%.
Victoria
Greater Melbourne listings saw an increase of +2%, with the rest of VIC up +2%, a decrease from +4% change in January to February. Creswick –Daylesford – Ballan identified the largest increase at +10%, followed by Maryborough – Pyrenes at +7%. Bawron – West identified the largest decrease at -8%.
Queensland
Month on month, regional Queensland listings increased by +1%, whilst Greater Brisbane increased by +5%. Coolangatta saw the largest increase at +11%, followed by Carins – South, Sunshine Coast Hinterland and Gympie -Cooloola, all at +8%. The largest decrease came from the Granite Belt region at -12%.
Other states
Western Australia saw a +1% increase in listings across regional areas, whilst Greater Perth increased by +5%. SA identified a +1% increase in the Capital and a +2% increase in regional areas, whilst, in TAS, Greater Hobart identified a +3% increase, whilst the rest of TAS saw a +3% change.
ACT had a slower month across March, with a +2% increase, down from +17% in January – February.
The upcoming months are crucial for observing whether these trends in property listings continue to diverge, stabilise, or pivot in a new direction.