In the December IPN Regional Listings Index report, the Australian regional property listing landscape reveals interesting shifts in market supply. The aggregate number of listings across all regions again rose by 3% MoM, whilst capital cities saw an overall elevation in listings of 4%, down from 5% in October. State-level fluctuations continue to vary considerably, indicating a more complex supply dynamic.
Regional Listings Index Report Highlights
New South Wales
Greater Sydney grew by 2%, compared to the month prior, whilst the rest of NSW saw a 5% increase, down 1% compared to October. The most significant increases were in Tumut – Tumbarumba +15%, Bathurst +14%, Snowy Mountains +12%, Moree – Narrabri +12% and Wagga Wagga +12%.
Victoria
Greater Melbourne listings increased by 6% while rest of Victoria was up 8% MoM. The biggest increase in listings can be seen in Colac – Corangamite +19%, Creswick – Daylesford – Ballan +14%, Murray Rivers – Swan Hill+13% and Glenelg – Southern Grampions +13%.
Queensland
Month on month, regional Queensland listings deceased -1% , whilst Greater Brisbane saw an increase of 2%. Of the regional areas, the largest increases were Southport +9% and Coolangatta +9% and Robina +8%. Overall, the market in Regional Queensland remains very tight.
Other states
Western Australia saw a 1% increase in listings across regional areas, as well as a 2% increase in the Capital. SA saw a 5% increase in the Capital and a 2% increase in regional areas, whilst, in TAS, Greater Hobart identified an 8% increase and regional areas an 8% increase.
ACT continues to see growth in listings, with an 8% increase MoM.
The upcoming months continue to be crucial for observing whether these trends in property listings continue to diverge, stabilise, or pivot in a new direction.