In the June IPN Regional Listings Index report, the Australian regional property listing landscape reveals interesting shifts in market supply. Across May, the aggregate number of listings across all regions saw a -1% decline, whilst capital cities held steady at 0%. State-level fluctuations continue to vary, indicating a more complex supply dynamic.
Regional Listings Index Report Highlights
New South Wales
Greater Sydney held steady at 0% whilst the rest of NSW saw a decrease of -1%. Dubbo saw the largest increase at +4%, followed by Southern Highlands at +3%. The largest decrease came from Broken Hill and Far West at -9%.
Victoria
Greater Melbourne increased by +2% compared to April, whilst the rest of VIC decreased at -1%. Loddon – Elmore identified the largest increase at +15%, followed by Grampians and Colac – Corangamite, both at +6%. Gippsland – East saw the largest decrease at -6%.
Queensland
Both Greater Brisbane and the rest of QLD held steady MoM, with 0% change compared to April. Gold Coast Hinterland identified the largest increase at +10%, followed by Port Douglas – Daintree at +9% and Caloundra at +7%. Mudgeeraba – Tallebudgera had a decrease of -10%.
Other states
Western Australia again saw a -2% decrease in Greater Perth and a -3% decrease in the rest of WA. Greater Adelaide and rest of SA both identified a -4% decrease, whilst both Greater Hobart and rest of TAS saw drops of -3% MoM. ACT saw average listings increase by +2% MoM.
The upcoming months are crucial for observing whether these trends in property listings continue to diverge, stabilise, or pivot in a new direction.