In the April IPN Regional Listings Index report, the Australian regional property listing landscape reveals interesting shifts in market supply. In March, compared to February, the aggregate number of listings across capitals identified a small decrease of -1%, with regions also seeing a decrease of -1%, indicating a broad-based, yet mild softening in supply across Australia.
Regional Listings Index Report Highlights
New South Wales
Greater Sydney increased by +2%, whilst the rest of NSW decreased by -2%. Upper Hunter identified the greatest uplift in listings MoM at +14%, with Dubbo at +12% and Tumut – Tumbarumba at +10%. The largest decrease came from Lower Murray at -20%.
Victoria
Greater Melbourne saw a decline of -5%, with the rest of VIC at -2% MoM. Murray River – Swan Hill identified the largest uplift at +14%, followed by Mildura at +8%. Baw Baw decreased by -8%.
Queensland
Greater Brisbane held steady in March compared to February with a 0% change, whilst the rest of QLD decreased by -2%. Biloela identified the biggest increase at +16%, well above other areas, with Robina at +7% and Coolangatta at +6%. Central Highlands saw the largest decrease at -22%.
Other states
Greater Perth identified a +5% increase, with the rest of WA at +6%. In SA, Greater Adelaide decreased by -11%, whilst the rest of SA saw a positive increase of +4%. In TAS, Hobart increased at +1%, with the rest of TAS decreasing at -3%. Greater Darwin saw the largest decrease of all capital areas at -12%. On a regional level, in SA, Barossa saw a +15% uplift, closely followed by Fleurieu – Kangaroo Island at +14%.
WA’s Wheat Belt – South uplifted by +11%, with Bunbury at +10%. Esperance (-9%), Augusta – Margaret River – Busselton (-8%), Gascoyne (-8%) and West Pilbara (-2%) all saw decreases. In TAS, Meander Valley – West Tamar (+5%) and North East (+1%) were the only SA3 areas to increase, with Burnie – Ulverstone identifying the greatest decrease at -11%.