In the March IPN Regional Listings Index report, the Australian regional property listing landscape reveals interesting shifts in market supply. Across February, the aggregate number of listings across all regions increased by +2%, whilst capital cities saw an overall increase of +12%. State-level fluctuations continue to vary, indicating a more complex supply dynamic.
Regional Listings Index Report Highlights
New South Wales
Greater Sydney increased by +19%, whilst the rest of NSW uplifted by+3%. Newcastle identified the largest increase in average listings at +14%, followed by Albury at +10%.
Victoria
Greater Melbourne listings saw an increase of +15%, with the rest of VIC up +4%, an increase from the -1% change in December to January. Campaspe saw the largest shift at +16%, followed by Loddo – Elmore at +13%. Colac –Corangamite identified the largest downshift at -3%.
Queensland
Month on month, regional Queensland listings increased by +2%,whilst Greater Brisbane increased by +8%, which is a large shift from the -6% change in December to January. Toowoomba, Robina, Darling Downs – East and Cairns –North all saw shifts of +8%.
Other states
Western Australia saw a -1% decrease in listings across regional areas, whilst Greater Perth increased by +6%. SA saw a +12% increase in the Capital and a +6% increase in regional areas, whilst, in TAS, Greater Hobart identified a +8% increase, whilst the rest of TAS saw a +3% change.
ACT saw identified a large uptick at 17% - the largest increase across all Capital City and Regional areas.
The upcoming months are crucial for observing whether these trends in property listings continue to diverge, stabilise, or pivot in a new direction.