IPN Valuers Regional Listings Index, September 2023

In our September IPN Regional Listings Index report, the Australian regional property listing landscape reveals interesting shifts in market supply. Total capital city listings increased in August by 4%, whereas the overall number of listings across all regional areas inched up by 1%. State-level fluctuations vary considerably, indicating a more complex supply dynamic.

View our September report here.

Report Highlights

New South Wales

Overall listings in regional New South Wales grew by 2%, compared to its capital counterpart, which increased by 7%. There were material changes in some SA3 areas. The largest increases were in Broken Hill and far West +26%, Snowy Mountains +18%, Lake Macquarie West +16%, Wollongong +14% and Queanbeyan +12%.


Regional Victoria had the second-largest overall listing increase, up 3%. The biggest increase in listings can be seen in Geelong 12%, Latrobe Valley +11%, Bendigo +8%, Ballarat +6%.


Month on month, regional Queensland listings were down 1%. Interestingly, regional Queensland boasts the largest listings of all states, and is the only state or territory with more regional listings than its capital. The notable regional listing increases were Ormeau-Oxenford +17%, Robina +17%, Whitsunday +16% and Toowoomba +13%.

Other states

Western Australia's 4% drop in listings across regional and capital signals a tightening market, which could lead to upward pressure on property prices. South Australia's regional listings were stable, while Tasmania's listings were 1% lower.

Substantial listing increases in Darwin +16% and ACT +14% could indicate a softening of property prices.

The upcoming months will be crucial for observing whether these trends in property listings continue to diverge, stabilise, or pivot in a new direction.

View our September report here.