NSW appraisals fall 27 per cent as new sales listings climb, REIP data shows

Appraisal activity fell 27.4 per cent in NSW in September while new sales listings rose 12.1 per cent nationally, according to REIP data.

Real Estate Today Editorial TeamSunday 25 October 2026 · 2 min read

NSW appraisals fall 27 per cent as new sales listings climb, REIP data shows

Appraisal activity fell 27.4 per cent in NSW in September, while new sales listings rose 12.1 per cent nationally, according to new data from Real Estate Industry Partners (REIP), a mix that puts more stock in front of buyers now while fewer vendors are testing the market for later.

Appraisals also fell 24.7 per cent in Queensland and 23.1 per cent in Victoria. Over the same month, new rental listings fell 16.7 per cent nationally.

Buyer enquiry weakened everywhere. Thirty-day enquiry comparisons declined in every state and territory, with NSW, Victoria and Western Australia down around 16 to 17 per cent and Queensland down 14.2 per cent. REIP said more recent seven-day figures show some improvement in NSW, Tasmania and the ACT.

Inspections offered a partial offset. Across the weeks commencing 26 September and 3 October, the number of property inspections rose 6.2 per cent nationally and attendance rose 5.5 per cent. In Victoria, attendance rose 47.3 per cent in Reservoir and 51.6 per cent in Burwood East, and more than doubled in Wantirna.

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Renewals and notices to vacate

REIP's Victorian rental data, produced with Forms Live, shows a median rent increase of 5 per cent on September lease renewals: 6.4 per cent for units and 4.2 per cent for houses. For unit tenants, the median increase of $35 a week adds $1,820 a year.

Sale-related notices to vacate for units rose 34.8 per cent in the year to September 2026 compared with the previous 12 months. REIP noted the data does not establish why individual owners are selling.

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REIP illustrated the pressure on investors with an example: a $604,000 loan at 6.5 per cent costs about $755 a week in interest, a $155 weekly shortfall against $600 in rent before management fees and other costs. A further 0.25 percentage point rate rise would add about $29 a week.

What it means for agencies

For sales teams, rising listings and weaker enquiry point to more competition for each buyer, while the sharp fall in appraisals is an early read on the listing pipeline. For Victorian property managers, the jump in sale-related notices to vacate for units points to more investor exits from rent rolls.