Listings activity
National listing patterns reveal a concerning trajectory through 2025, with June recording 32,494 new listings compared to 37,871 in June 2024 and 35,730 in June 2023. This represents a substantial 14.2 per cent decline from 2024’s stronger performance and a 9.1 per cent reduction from 2023 levels, highlighting the severe supply constraints that have characterised this year.
The annual comparison demonstrates 2025 has consistently tracked below both 2023 and 2024 listing volumes throughout most months, creating the tightest supply conditions in recent years. January through May 2025 recorded particularly weak performance, with monthly shortfalls ranging from 3,000 to 9,000 fewer listings compared to the same periods in 2024.
This persistent shortage represents a dramatic shift from 2024’s robust listing activity, which consistently exceeded 2023 levels through most of the year. The magnitude of 2025’s underperformance suggests structural supply constraints beyond normal seasonal variations, with total listings for the first six months running approximately 25,000 properties below 2024’s pace. This severe shortage of properties coming to market represents the critical factor underpinning current price acceleration across most Australian markets.
National listing patterns reveal a concerning trajectory through 2025, with June recording 32,494 new listings compared to 37,871 in June 2024 and 35,730 in June 2023. This represents a substantial 14.2 per cent decline from 2024’s stronger performance and a 9.1 per cent reduction from 2023 levels, highlighting the severe supply constraints that have characterised this year.
The annual comparison demonstrates 2025 has consistently tracked below both 2023 and 2024 listing volumes throughout most months, creating the tightest supply conditions in recent years. January through May 2025 recorded particularly weak performance, with monthly shortfalls ranging from 3,000 to 9,000 fewer listings compared to the same periods in 2024.
This persistent shortage represents a dramatic shift from 2024’s robust listing activity, which consistently exceeded 2023 levels through most of the year. The magnitude of 2025’s underperformance suggests structural supply constraints beyond normal seasonal variations, with total listings for the first six months running approximately 25,000 properties below 2024’s pace. This severe shortage of properties coming to market represents the critical factor underpinning current price acceleration across most Australian markets.
Major cities recorded 24,345 new properties in June, experiencing a significant 16.4 per cent monthly decline and 13.5 per cent annual reduction. Sydney dominated with 7,479 listings but recorded a substantial 14.4 per cent monthly decrease and 6.9 per cent annual decline. Melbourne contributed 6,525 properties with a severe 21.4 per cent monthly drop and 16.9 per cent annual reduction.
Brisbane’s 3,408 listings reflected a 9.9 per cent monthly decline despite a significant 22.2 per cent annual decrease, while Perth’s 2,649 listings showed a 21.0 per cent monthly reduction and 7.9 per cent annual decline. The persistent shortage of available properties in high-growth markets is directly contributing to their continued strong price performance, as buyer demand significantly outstrips available stock.
Regional markets posted 11,735 new listings in June, showing a substantial 12.3 per cent monthly decline and concerning 17.3 per cent annual reduction. Regional Queensland led absolute volumes with 4,515 listings but recorded an 8.7 per cent monthly decline and significant 20.0 per cent annual decrease, reflecting tight supply conditions in popular coastal markets.
Regional New South Wales followed with 3,655 listings, experiencing a 9.1 per cent monthly decline and 11.9 per cent annual reduction. Regional Victoria contributed 2,100 listings with an 18.2 per cent monthly drop and 19.8 per cent annual decrease. Regional Western Australia posted 611 listings, down 20.4 per cent monthly and 19.7 per cent annually, highlighting extremely tight supply conditions in resource-rich markets.
The Northern Territory showed the most dramatic monthly decline at 33.9 per cent, though from a modest base of 39 listings, with annual figures down 23.5 per cent. This widespread reduction in regional listing volumes across all markets underscores the severe supply constraints supporting current price acceleration trajectories nationwide.
Regional markets posted 11,735 new listings in June, showing a substantial 12.3 per cent monthly decline and concerning 17.3 per cent annual reduction. Regional Queensland led absolute volumes with 4,515 listings but recorded an 8.7 per cent monthly decline and significant 20.0 per cent annual decrease, reflecting tight supply conditions in popular coastal markets.
Regional New South Wales followed with 3,655 listings, experiencing a 9.1 per cent monthly decline and 11.9 per cent annual reduction. Regional Victoria contributed 2,100 listings with an 18.2 per cent monthly drop and 19.8 per cent annual decrease. Regional Western Australia posted 611 listings, down 20.4 per cent monthly and 19.7 per cent annually, highlighting extremely tight supply conditions in resource-rich markets.
The Northern Territory showed the most dramatic monthly decline at 33.9 per cent, though from a modest base of 39 listings, with annual figures down 23.5 per cent. This widespread reduction in regional listing volumes across all markets underscores the severe supply constraints supporting current price acceleration trajectories nationwide.
