Property listings surge in key Australian regions, shifting market dynamics

New analysis reveals a significant increase in property listings across several Australian regions, potentially tipping the market in favour of buyers.

MCG Quantity Surveyors has identified 50 statistical areas where property listings have surged over the past 12 months compared to their usual average.

Mike Mortlock, managing director of MCG Quantity Surveyors, said the findings show a clear shift in market dynamics in certain areas.

“In regions like Bringelly-Green Valley and Rouse Hill-McGraths Hill, where listings have surged over 100 per cent, the market has clearly shifted in favour of buyers,” Mortlock said.

“This means more negotiating power and better access to properties that were previously hard to secure due to fierce competition.”

The top 10 areas with the largest percentage increases in property listings are:

Bringelly – Green Valley (Sydney’s south-west): 162% increase
Rouse Hill – Mcgraths Hill (Sydney): 128% increase
Cardinia (Melbourne’s south-east): 75% increase
Lower Hunter Valley: 74% increase
Casey (South Melbourne): 74% increase
Gippsland: 71% increase
Blacktown (Sydney): 53% increase
Wanneroo (Perth’s north-west): 52% increase
Stirling (Perth’s north-west): 45% increase
Inner Ipswich: 42% increase
Wyong (Central Coast): 42% increase
Rockingham (Perth’s south-west): 40% increase

Mortlock suggests this surge presents a strategic opportunity for buyers.

“This presents a strategic moment for buyers to step in while interest rates and economic uncertainty hold some buyers back,” he said.

“With a more abundant market, buyers can afford to be selective and negotiate harder.”

The analysis used Australian Bureau of Statistics’ Level 3 Statistical Areas, which are larger than individual suburbs but smaller than capital cities, to provide a realistic representation of property search areas.