Listings have been tight for some time throughout Australia, but now there are some markets where there are zero listings available.
According to figures from Domain there have been no apartments listed in South Australia’s Barossa, Yorke or Mid North in the past 12 months.
When it comes to houses, many markets are also tight. Listings in the West Australian southern outback are 90% lower than in 2022.
Geelong’s listings for units are down 95%, while unit stock available in Brisbane’s western suburbs is down 94%.
REIA national president Hayden Groves says the figures show buyers are experiencing a lot of pain.
“Those historical lows in the numbers of listings are something of a perfect storm, and it’s being felt all over Australia,” he says.
“Part of the reason we have such a blockage in supply is that sellers are reluctant to put their properties on the market as they can’t be sure they’ll find anything that’ll suit their needs to move into.”