As the chill of winter sets in, residential property listings have cooled — down 3% compared to this time last year. According to REA Group’s latest Listings Report, total listings declined 9% between May and June alone.

Darwin has seen the steepest fall, with listings dropping nearly 38% year-on-year. Yet buyer interest remains strong — with the NT capital ranked as Australia’s most active market in the latest Hotspotting Price Predictor Index.

Other cities with notable listing declines include Melbourne (-5.8%) and Brisbane (-2.3%). Meanwhile, Perth leads the upswing with a 13.3% year-on-year increase in listings, followed by Adelaide (12%), Sydney (6.8%) and Canberra (4.3%).
In regional areas, the supply is even tighter. Listings in regional WA are down 15.4%, while regional Queensland has seen a 7.9% drop.