New PropTrack analysis suggests buyers in Brisbane, Perth and Adelaide may finally be catching a break, with new listing volumes picking up sharply across all three — worth flagging to clients, even if it's not yet a genuine buyer's market.
All three cities have been notoriously difficult for buyers, with prices climbing between 13% and 21% over 2025 alone while the number of homes coming onto the market stayed low. That combination left buyers with fewer options and made competition for each listing more intense.
According to realestate.com.au's June 2026 market snapshot, new listings in Brisbane were up 22% in June compared with the same month last year, while Perth recorded a 25% increase and Adelaide 18%.
Senior economist Angus Moore's (pictured) analysis flags two qualifiers worth keeping in mind.
First, some of that lift reflects how quiet 2025 was to begin with — though the report notes the past few months have run above the typical seasonal pattern for all three cities, not just against a weak prior year.
Second, total active listings — new stock plus properties still sitting on the market from previous months — remain well below pre-pandemic norms, sitting just 11% higher than a year ago in Brisbane and Adelaide, and only 2% higher in Perth.
Spring, traditionally the busiest selling season, will be the real test of whether this improved supply holds.
Price growth has already cooled noticeably in all three markets, with each recording a small decline in June following last year's sharp gains. Interest rates remain the dominant factor behind the slowdown, but the report points to improving buyer choice as a contributing factor at the margin.
Looking further out, forecasters still expect growth to resume: mid-year outlooks tip Perth to finish 2026 up 8%, with Brisbane and Adelaide both forecast to grow around 5%, suggesting the current softening is a pause rather than a reversal.
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