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Business

Derek Rose

Property market picking up in smaller capital cities

REA Group REA Owen Wilson Sydney Melbourne Adelaide Brisbane Perth

Adelaide's property listings climbed 10 per cent in 2023/24, REA Group reported. (HANDOUT/ENVIRONMENT PROTECTION AUTHORITY SOUTH AUSTRALIA)

The boss of Realestate.com.au says while property market growth in Sydney and Melbourne might slow this financial year, he's expecting stronger results from Australia's smaller capital cities.

REA Group said on Friday that new property listings in Melbourne were up 21 per cent in 2023/24, while Sydney listings grew 22 per cent.

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