Nationally , new listings are down compared to last year by eight per cent . The situation in Canberra , Sydney and Melbourne is quite different to the rest of Australia - listings are either on par with last year , and even up in Canberra . In Perth , Brisbane and Canberra , the declines are over 20 per cent , indicating a distinct lack of property .
A similar shortage of properties for sale is occurring in regional Australia . The exception is regional South Australia and regional New South Wales . In some holiday home locations , we ’ re seeing an increase in the number of properties for sale . While holiday homes were a particularly popular property type to buy during the pandemic , demand has weakened considerably since then . Many owners are also being impacted by rising interest rates , restrictions to Airbnb and lower levels of usage as a result of restrictions to travel being lifted .