Listing numbers in Regional Australia continue to decline across all markets . This month , a 39 per cent decrease has been observed , with a 28.4 per cent reduction over the past year . Regional Western Australia has experienced the most significant drop , both monthly and annually , as property owners hold onto their assets during a period of value growth and interest rate uncertainty .
New South Wales has seen listings fall by 41.5 per cent this month to 3,214 , while Queensland experienced a 35.4 per cent decrease to 4,243 , reflecting shifting market sentiments . Victoria witnessed a substantial 40.4 per cent reduction this month , however , it remains the least affected by the overall decline in listings , particularly as investors look to exit the market .
Movement of new listings within regional areas
Count of new listings per region in June and their percentage change over the past month and past year
Region Listing Count Month on month change Year on year change
Regional VIC 2,198 −40.4 % −22.7 %
Regional TAS 372 −34.7 % −24.1 %
Regional SA 430 −40.7 % −25.9 %
Regional NSW 3,214 −41.5 % −27.3 %
Regional QLD 4,243 −35.4 % −30.6 %
Regional NT 55 −23.6 % −32.1 %
Regional WA 612 −44.5 % −39.1 %
Regions combined 11,124 −39.0 % −28.4 %
Listing figures include industry-wide listings and Ray White listings Source : Ray White