The latest report from MCG Quantity Surveyors highlights significant shifts in property market dynamics across various Australian regions, driven by a surge in property listings. This increase in supply is creating more favourable conditions for buyers, particularly first- home buyers, downsizers, and investors.
In New South Wales, regions like Bringelly-Green Valley and Rouse Hill-McGraths Hill have seen dramatic increases in listings, up 162% and 128% respectively. These surges in available properties mark a major shift in favour of buyers, who now have greater negotiating power in markets that were previously dominated by intense competition. Blacktown-North has also experienced a significant 53% increase in listings, offering more options and potentially easing price pressures for those looking to buy in Sydney’s outer suburbs.
In Victoria, the Cardinia region has recorded a 75% rise in listings, providing buyers with more choices and reducing price competition in outer Melbourne suburbs. Casey-South, with a 74% increase in listings, is now more accessible to buyers who were previously priced out of the market. Geelong, a key regional centre, has seen a 16% rise in listings, stabilising prices and creating a more balanced environment for those looking to purchase in the area.
In Queensland, Ipswich Inner has experienced a 42% increase in listings, giving buyers in the Brisbane area more opportunities to secure property without the fierce competition seen in previous years. Ormeau-Oxenford on the Gold Coast has also seen a 26% increase in listings, providing more negotiating power to buyers.
In Western Australia, Wanneroo has experienced a 52% rise in listings, offering more options to buyers in Perth’s northern suburbs. Stirling (45%) and Rockingham (40%) have also recorded notable increases, further boosting buyer confidence in Perth's property market.
