In the May IPN Regional Listings Index report, the Australian regional property listing landscape reveals interesting shifts in market supply. Across April, the aggregate number of listings across all regions held steady at 0%, whilst capital cities saw a decrease of -1%. State-level fluctuations continue to vary, indicating a more complex supply dynamic.
Regional Listings Index Report Highlights
New South Wales
Greater Sydney saw a decrease of -2%, whilst the rest of NSW held steady at 0%. Southern Highlands, Dubbo and Queanbeyan all saw changes of +7% MoM, with Coffs Harbour seeing the largest decrease at -7%.
Victoria
Greater Melbourne saw no change MoM, at 0%, with the rest of VIC increasing by 1%, down from 2% in March. Barwon - West identified the largest change at +14%, closely followed by Loddon – Elmore at +13%. Murray River – Swan Hill and Glenelg – Southern Grampians both increased by +6%.
Queensland
Month on month, regional Queensland listings decreased by -1%,whilst Greater Brisbane decreased by -3%, a decline from the +5% change in February to March. Gold Coast – Hinterland saw the largest increase of 11%, followed by Port Douglas – Daintree at +9%. Central Highlands (QLD) and Gladstone both recorded the largest decreases at -10%.
Other states
Western Australia saw -2% decreases in both Greater Perth and across regional areas. Greater Adelaide recorded no change at 0%, whilst regional areas increased by +1%. Regional TAS also increased by +1%, whilst Greater Hobart saw a decline of -1%.
ACT remained steady MoM at 0% change.
The upcoming months are crucial for observing whether these trends in property listings continue to diverge, stabilise, or pivot in a new direction.