Proptrack Report

Next Generation Property Data and Insights

Created by the largest platform for buying and selling real estate in Australia, realestate.com.au, PropTrack offers buyers the chance to analyse trends and understand property market activity and what that means for them. 

Sherlock Homes

Proptrack summary

The total number of properties listed for sale across Australia was largely unchanged in July, increasing a modest 0.4% month-on-month. That kept choice for buyers marginally tighter than a year ago, with the total number of properties listed for sale in July down 1.3% year-on-year.

Buyers across the capital cities are facing quite different conditions. In Melbourne, and to a lesser extent Sydney, the total number of properties available for sale is reasonably high, albeit down from a year ago in Sydney. The total number of properties available for sale is above decade-average in Melbourne and Canberra, and only modestly below average in Sydney (down about 4%).

The same is not true for buyers in Brisbane, Adelaide and especially Perth. Buyers in Perth have particularly restricted options, with the total number of properties listed for sale at a fresh record low in July. In both Brisbane and Adelaide, the total number of properties listed for sale is down compared to a year ago, and about 40% below its prior-decade average.