Angus Moore

sales activity in Perth, it's remaining pretty solid, even with the sort of headwinds from interest rates.

So Perth remains up, you know, new listings are up seven and a half percent compared to where they were last year.

So again, you know, much like other cities, quite a busy May.

Turnaround in Tasmania has been pretty remarkable in the last few months, actually.

So Tasmania was the fastest growing capital city in terms of prices over the course of the pandemic, outperforming even Brisbane.

And we actually saw prices in Hobart fall last month while they're still growing in Brisbane.

And the stock available in Tasmania has really shot up.

So after being incredibly tight and buyers facing very little choice through much of the pandemic,

We're now seeing new listings surge.

They're up more than 40% in May this year compared to May last year.

And that means the stock on market is up more than a third compared to the same time last year.

And it's actually up more than two thirds compared to the kind of trough we saw in July last year.

So there's been a real pickup in stock available in Tassie and that's giving buyers a lot more choice and will make the market less competitive after two red hot years.

Yeah, that's right.

Strong month in the Northern Territory, both in Darwin and regional NT.

We saw listings up in Darwin up 21% compared to April and up 31% in regional Northern Territory.

So, again, quite a busy month, at least compared to April, which, again, was affected by public holidays.

If we're looking compared to last year, a bit flatter.

So, Darwin was 3% up compared to the same time last year, which, broadly speaking, flat.

Northern Territory was down about a fifth.