Angus Moore

Places like Mecklenburg and Dali almost tripled as well.

But if we look kind of more broadly at Melbourne, you know, much like Sydney, much of the city was busier with the exception of the very inner city and kind of inner southeastern parts of the city where new listings were down a little bit.

But most of the outer parts of Melbourne saw more new listings this year than last year.

That's exactly right.

Brisbane and Adelaide have been real star performers over the pandemic.

We've seen a lot of people wanting to move there given relatively more affordable housing and searching for more space, which you can find more easily in those suburbs than in, say, Sydney or Melbourne.

What that's meant is that the number of properties actually on market and available to purchase is well down compared to where it was pre-pandemic in both cities, something like 40%.

which means that buyers just have a lot less to choose from.

And for any given property, it's much more competitive with other buyers.

Yeah, Perth's a very interesting one.

It hasn't seen maybe quite as rapid growth in prices over the pandemic as some other cities, which leaves it in a relatively more affordable position than it was pre-pandemic.

And we're maybe starting to see that, as you say, in some of the performance.

In terms of its listings activity, it's continuing to be quite busy like much of the rest of the country in June, even though we're going into the typically quieter winter period.

We had the busiest June for new listings in Perth since 2011.

So, you know, very busy, a lot of vendors coming to market for a winter period, which is typically quieter than, say, spring.

Is this just another case of strong demand in that area?

Yeah, we've certainly seen strong demand for Adelaide and for parts of regional South Australia.

Adelaide's one of the few capital cities still posting price growth.

We saw Sydney, Melbourne and Brisbane with prices all down in June, according to the PropTrack Home Price Index.

Adelaide, on the other hand, continued to grow.