Listings activity
March listing data reveals continued momentum in the Australian property market with approximately 42,220 new properties coming to market. This represents a modest 1.8 per cent increase compared to March 2024, although still behind the 2023 result which eclipsed 45,000.
The upward trajectory seen in the first quarter, suggests growing vendor confidence, potentially influenced by the recent interest rate reduction and sustained price growth across most markets. The newly announced budget measures, particularly the expanded Help to Buy scheme that will open for applications in late 2025, may encourage more listings as current homeowners look to upgrade, knowing there will be greater support for first time buyers entering the market.
March listing data reveals continued momentum in the Australian property market with approximately 42,220 new properties coming to market. This represents a modest 1.8 per cent increase compared to March 2024, although still behind the 2023 result which eclipsed 45,000.
The upward trajectory seen in the first quarter, suggests growing vendor confidence, potentially influenced by the recent interest rate reduction and sustained price growth across most markets. The newly announced budget measures, particularly the expanded Help to Buy scheme that will open for applications in late 2025, may encourage more listings as current homeowners look to upgrade, knowing there will be greater support for first time buyers entering the market.
Major cities recorded 29,925 new properties in March, representing a 6.2 per cent increase from February and a substantial 12.8 per cent growth compared to March 2024. This strong year-on-year improvement indicates renewed seller confidence across metropolitan markets.
Canberra led capital cities with a remarkable 26.5 per cent annual increase in listings, followed by Adelaide at 22.8 per cent and Sydney at 13.8 per cent. Sydney continues to dominate in absolute numbers with 9,949 new listings, while Melbourne contributed 8,446 properties to the market. Perth also demonstrated solid growth with 11.0 per cent more listings year-on-year.
However, some markets displayed contrasting trends. Brisbane experienced a 12.9 per cent monthly decline and a 15.2 per cent annual decrease, while the Gold Coast recorded the most significant reductions with listings down 13.3 per cent for the month and 26.7 per cent year-on-year. These divergent patterns highlight the localised nature of property market dynamics even amid a broader national recovery.
Regional listing activity showed a contrasting pattern to metropolitan markets in March, with combined regional areas recording 13,380 new listings. This represents a marginal 0.8 per cent monthly decline and a more substantial 10.5 per cent decrease compared to March 2024.
Regional Victoria led with 2,839 new listings, showing a 3.9 per cent monthly increase despite a 3.1 per cent annual decline. Similarly, regional South Australia posted a 3.3 per cent monthly gain but remained 5.0 per cent below last year’s levels. Regional Western Australia followed this pattern with a modest 1.2 per cent monthly increase against a 6.0 per cent annual decrease.
The most significant contractions occurred in regional Queensland, down 4.2 per cent month-on-month and 17.3 per cent year-on-year, and regional Northern Territory, which experienced a steep 25.9 per cent monthly decline and a dramatic 48.1 per cent annual reduction. These figures suggest continued tight supply conditions in these regional
Ray White listing authorities, a key forward indicator for market supply, have shown notable movements in the first quarter of 2025. After reaching a peak in February at 8,142 authorities, March experienced a moderate decline to around 7,900. Despite this monthly reduction, the figures for early 2025 remain significantly elevated compared to the corresponding periods in both 2023 and 2024.
This trend represents a strong vote of confidence from potential vendors, likely influenced by the recent interest rate cut and sustained price growth across most markets. The level of listing authorities in March 2025 sits approximately 10 per cent above March 2024 figures, suggesting we can expect robust listing volumes to continue into the autumn selling season.
The trajectory of listing authorities provides a positive outlook for market activity in the coming months. While we typically see some moderation in April and May before a winter slowdown, the current elevated levels indicate stronger-than-usual vendor intent. This suggests the autumn selling season could extend with greater momentum than in previous years, particularly as sellers respond to improved borrowing conditions and sustained buyer demand.
Regional listing activity showed a contrasting pattern to metropolitan markets in March, with combined regional areas recording 13,380 new listings. This represents a marginal 0.8 per cent monthly decline and a more substantial 10.5 per cent decrease compared to March 2024.
Regional Victoria led with 2,839 new listings, showing a 3.9 per cent monthly increase despite a 3.1 per cent annual decline. Similarly, regional South Australia posted a 3.3 per cent monthly gain but remained 5.0 per cent below last year’s levels. Regional Western Australia followed this pattern with a modest 1.2 per cent monthly increase against a 6.0 per cent annual decrease.
The most significant contractions occurred in regional Queensland, down 4.2 per cent month-on-month and 17.3 per cent year-on-year, and regional Northern Territory, which experienced a steep 25.9 per cent monthly decline and a dramatic 48.1 per cent annual reduction. These figures suggest continued tight supply conditions in these regional
Ray White listing authorities, a key forward indicator for market supply, have shown notable movements in the first quarter of 2025. After reaching a peak in February at 8,142 authorities, March experienced a moderate decline to around 7,900. Despite this monthly reduction, the figures for early 2025 remain significantly elevated compared to the corresponding periods in both 2023 and 2024.
This trend represents a strong vote of confidence from potential vendors, likely influenced by the recent interest rate cut and sustained price growth across most markets. The level of listing authorities in March 2025 sits approximately 10 per cent above March 2024 figures, suggesting we can expect robust listing volumes to continue into the autumn selling season.
The trajectory of listing authorities provides a positive outlook for market activity in the coming months. While we typically see some moderation in April and May before a winter slowdown, the current elevated levels indicate stronger-than-usual vendor intent. This suggests the autumn selling season could extend with greater momentum than in previous years, particularly as sellers respond to improved borrowing conditions and sustained buyer demand.
