Market listings growth has been steadily declining for the last year, with a peak year-on-year growth in listings seen in July last year.
Growth in the regions could not offset large declines in both Melbourne and Sydney. All state capitals had a decline except for Canberra with an increase of 0.5 per cent year-on-year growth.
The last three months have seen a decline in listings brought on by extended increased interest rates slowing down house price growth and lowering the incentive for households to sell.
