Listing numbers continue to decline across most capital cities this month , with a total decrease of 18.6 per cent recorded in Australia . Over the past year , Brisbane has been the least impacted by these declining rates , showing a 9.1 per cent reduction this month , but an annual increase of 8.0 per cent to 4,432 listings for the month of July .
Canberra and Sydney are the most affected , with sellers reluctant to list , limiting options for buyers . Monthly results continue to show significant declines , with annual falls of 45.8 per cent and 44.5 per cent , respectively . In contrast , Perth ’ s market , despite being tightly held , has seen a 4.1 per cent increase in listings this month to over 3,300 . Albeit , it ’ s still down 23.6 per cent on the year ; a similar annual decline to that experienced in the Hobart and Melbourne capital city markets .