The million-dollar suburbs that just flipped in buyers' favour
Nationally, total listings have fallen 7 per cent since mid-April – which typically marks the beginning of the winter market slowdown – Cotality (formerly CoreLogic) data shows. But Cotality's head of Australian research, Eliza Owen, said some regions saw overall listing numbers rise.
'It's unusual for this time of year, basically – usually you would be seeing total listings trending down because fewer people are putting listings on the market in winter,' she said.
'This could indicate these are buyers' markets because there are more homes on the market than a few weeks ago.'
The area with the biggest rise in the number of properties for sale was Melbourne's Bayside statistical area, which is mostly made up of the Bayside Council suburbs, including blue-chip Brighton and neighbouring Sandringham. The area's median value was $1.67 million, and there were 52 more homes for sale in early June than in mid-April.
Owen said some parts of Melbourne had subdued reactions to the Reserve Bank's cash rate cuts, which have been identified as the cause of a bump in buyer activity and sentiment.
'Areas like Bayside, which is a relatively high-end pocket of the market, and has a more subtle reaction to cash rate decreases,' she said.
Sellers could have decided to list because of the sentiment boost, Owen said, but found buyers to be less keen than expected. 'Buyers could be shying away because of an uncertain geopolitical environment and tariff uncertainty … Now may not be the best time to commit to buying a property.'
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However, Tesla deliveries were down 2.0 per cent compared with June 2024. Tesla not only delivered more vehicles than in May 2025 – when 3897 reached customers, up 9.25 per cent year-on-year – it also posted its biggest month of deliveries since June 2024, when 4683 Teslas found new homes. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. But the brand's deliveries from January to June were still down 38.8 per cent on the same period last year, to 14,146 units. Sagging Model 3 sales are dragging down Tesla, despite the mid-size electric sedan (pictured above) receiving an extensive update early in 2024. Deliveries of the Model 3 were down 36.3 per cent on June 2024 to 1132 units, and down 64.9 per cent year-to-date to 3715 units. In contrast, the recently updated Model Y mid-size electric SUV (pictured below) is helping propel the brand. Its sales were up 19 per cent year-on-year to 3457 units, though year-to-date sales are down 16.7 per cent to 10,431 units. The Model Y's year-on-year bounce in June wasn't as large as the one it enjoyed in May, when deliveries soared by 122.5 per cent. The Federal Chamber of Automotive Industries (FCAI) is responsible for the Australian auto industry's monthly VFACTS sales report. June sales results are set to be published tomorrow, when we'll be able to see how close rival brands like BYD have gotten to Tesla. Some challenger brands like Xpeng, however, don't yet report to VFACTS or the EV Council. Apart from Tesla, Polestar is the only other brand to report its sales to the EV Council, and its June deliveries were down 4.8 per cent year-on-year to 339 units. The Geely-owned brand, however, is up 23.6 per cent year-to-date to 1173 units, thanks to the arrival of the Polestar 3 and Polestar 4 (pictured above) electric SUVs, helping to offset sagging sales for the Polestar 2 fastback. Despite its recent sales slump, the Tesla Model Y will likely maintain its stranglehold on the title of Australia's top-selling EV – an impressive feat given its ever-growing contingent of rivals. Here's a breakdown of Tesla's monthly sales volumes so far this year. MORE: Is Tesla's sales slump in Australia over? Content originally sourced from: Tesla had a solid month for deliveries last month. According to figures shared with the Electric Vehicle Council, Tesla delivered 4589 vehicles in Australia in June, marking its biggest month for new-vehicle registrations so far this year. However, Tesla deliveries were down 2.0 per cent compared with June 2024. Tesla not only delivered more vehicles than in May 2025 – when 3897 reached customers, up 9.25 per cent year-on-year – it also posted its biggest month of deliveries since June 2024, when 4683 Teslas found new homes. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. But the brand's deliveries from January to June were still down 38.8 per cent on the same period last year, to 14,146 units. Sagging Model 3 sales are dragging down Tesla, despite the mid-size electric sedan (pictured above) receiving an extensive update early in 2024. Deliveries of the Model 3 were down 36.3 per cent on June 2024 to 1132 units, and down 64.9 per cent year-to-date to 3715 units. In contrast, the recently updated Model Y mid-size electric SUV (pictured below) is helping propel the brand. Its sales were up 19 per cent year-on-year to 3457 units, though year-to-date sales are down 16.7 per cent to 10,431 units. The Model Y's year-on-year bounce in June wasn't as large as the one it enjoyed in May, when deliveries soared by 122.5 per cent. The Federal Chamber of Automotive Industries (FCAI) is responsible for the Australian auto industry's monthly VFACTS sales report. June sales results are set to be published tomorrow, when we'll be able to see how close rival brands like BYD have gotten to Tesla. Some challenger brands like Xpeng, however, don't yet report to VFACTS or the EV Council. Apart from Tesla, Polestar is the only other brand to report its sales to the EV Council, and its June deliveries were down 4.8 per cent year-on-year to 339 units. The Geely-owned brand, however, is up 23.6 per cent year-to-date to 1173 units, thanks to the arrival of the Polestar 3 and Polestar 4 (pictured above) electric SUVs, helping to offset sagging sales for the Polestar 2 fastback. Despite its recent sales slump, the Tesla Model Y will likely maintain its stranglehold on the title of Australia's top-selling EV – an impressive feat given its ever-growing contingent of rivals. Here's a breakdown of Tesla's monthly sales volumes so far this year. MORE: Is Tesla's sales slump in Australia over? Content originally sourced from: Tesla had a solid month for deliveries last month. According to figures shared with the Electric Vehicle Council, Tesla delivered 4589 vehicles in Australia in June, marking its biggest month for new-vehicle registrations so far this year. However, Tesla deliveries were down 2.0 per cent compared with June 2024. Tesla not only delivered more vehicles than in May 2025 – when 3897 reached customers, up 9.25 per cent year-on-year – it also posted its biggest month of deliveries since June 2024, when 4683 Teslas found new homes. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. But the brand's deliveries from January to June were still down 38.8 per cent on the same period last year, to 14,146 units. Sagging Model 3 sales are dragging down Tesla, despite the mid-size electric sedan (pictured above) receiving an extensive update early in 2024. Deliveries of the Model 3 were down 36.3 per cent on June 2024 to 1132 units, and down 64.9 per cent year-to-date to 3715 units. In contrast, the recently updated Model Y mid-size electric SUV (pictured below) is helping propel the brand. Its sales were up 19 per cent year-on-year to 3457 units, though year-to-date sales are down 16.7 per cent to 10,431 units. The Model Y's year-on-year bounce in June wasn't as large as the one it enjoyed in May, when deliveries soared by 122.5 per cent. The Federal Chamber of Automotive Industries (FCAI) is responsible for the Australian auto industry's monthly VFACTS sales report. June sales results are set to be published tomorrow, when we'll be able to see how close rival brands like BYD have gotten to Tesla. Some challenger brands like Xpeng, however, don't yet report to VFACTS or the EV Council. Apart from Tesla, Polestar is the only other brand to report its sales to the EV Council, and its June deliveries were down 4.8 per cent year-on-year to 339 units. The Geely-owned brand, however, is up 23.6 per cent year-to-date to 1173 units, thanks to the arrival of the Polestar 3 and Polestar 4 (pictured above) electric SUVs, helping to offset sagging sales for the Polestar 2 fastback. Despite its recent sales slump, the Tesla Model Y will likely maintain its stranglehold on the title of Australia's top-selling EV – an impressive feat given its ever-growing contingent of rivals. Here's a breakdown of Tesla's monthly sales volumes so far this year. MORE: Is Tesla's sales slump in Australia over? Content originally sourced from:
