Listings activity
February listings data shows a notable seasonal recovery following the traditional January lull, with approximately 42,000 new properties coming to market across Australia. This represents not only a significant monthly increase but also positions 2025’s early-year activity ahead of the same period in both 2023 and 2024.
The February figures demonstrate robust market engagement, with listings trending approximately six per cent higher than February 2024 and 10 per cent above February 2023 levels. This upward trajectory suggests growing vendor confidence, potentially influenced by sustained price growth and early signals of a shifting interest rate environment.
The strong start to 2025’s listing activity defies typical seasonal patterns, with February often showing more gradual recovery following the holiday period. Instead, we’re seeing accelerated activity that might indicate sellers are moving quickly to capitalise on favourable market conditions before the anticipated effects of interest rate cuts potentially draw even more buyers into the market.
February listings data shows a notable seasonal recovery following the traditional January lull, with approximately 42,000 new properties coming to market across Australia. This represents not only a significant monthly increase but also positions 2025’s early-year activity ahead of the same period in both 2023 and 2024.
The February figures demonstrate robust market engagement, with listings trending approximately six per cent higher than February 2024 and 10 per cent above February 2023 levels. This upward trajectory suggests growing vendor confidence, potentially influenced by sustained price growth and early signals of a shifting interest rate environment.
The strong start to 2025’s listing activity defies typical seasonal patterns, with February often showing more gradual recovery following the holiday period. Instead, we’re seeing accelerated activity that might indicate sellers are moving quickly to capitalise on favourable market conditions before the anticipated effects of interest rate cuts potentially draw even more buyers into the market.

February saw a substantial seasonal uplift in listing activity across the country, with major cities recording 30,071 new properties coming to market. This represents a 24.5 per cent increase from January but a slight 1.7 per cent decline compared to February 2024.
Sydney led the capital cities with 9,598 new listings, showing a 23.6 per cent monthly increase and a 2.0 per cent annual improvement. Melbourne recorded 8,403 new listings, the second highest volume, with a robust 27.3 per cent monthly gain despite showing a 15.8 per cent annual decline. Brisbane and Perth also demonstrated strong monthly increases of 9.5 per cent and 7.5 per cent respectively, though Perth’s annual figures remain down 5.4 per cent.
The Gold Coast was the only major market to record a monthly decline in listings, falling 5.6 per cent while also showing a 7.4 per cent annual reduction. Darwin and Canberra saw the most significant monthly increases of 27.7 per cent and 21.6 per cent respectively, though both remain well below their 2024 levels.
Regional listing activity shows a more subdued recovery compared to metropolitan markets, with combined regional areas recording 13,695 new listings in February. This represents a 13.1 per cent monthly increase but a more substantial 10.2 per cent annual decline.
Regional Northern Territory recorded the strongest monthly increase of 42.1 per cent, though this comes from a low base of just 54 listings and represents a significant 46.5 per cent annual decline. Regional Victoria and New South Wales both demonstrated robust monthly gains of 21.7 per cent and 20.1 per cent respectively, but remained below 2024 levels.
Queensland’s regional market, which includes the popular Sunshine Coast and Gold Coast areas, recorded the highest absolute number of listings at 4,175, though this represents just a 1.9 per cent monthly increase and a 12.6 per cent annual decline. Regional Tasmania showed the most modest annual decline at just 0.5 per cent, suggesting greater stability in this market compared to other regional areas.
Regional listing activity shows a more subdued recovery compared to metropolitan markets, with combined regional areas recording 13,695 new listings in February. This represents a 13.1 per cent monthly increase but a more substantial 10.2 per cent annual decline.
Regional Northern Territory recorded the strongest monthly increase of 42.1 per cent, though this comes from a low base of just 54 listings and represents a significant 46.5 per cent annual decline. Regional Victoria and New South Wales both demonstrated robust monthly gains of 21.7 per cent and 20.1 per cent respectively, but remained below 2024 levels.
Queensland’s regional market, which includes the popular Sunshine Coast and Gold Coast areas, recorded the highest absolute number of listings at 4,175, though this represents just a 1.9 per cent monthly increase and a 12.6 per cent annual decline. Regional Tasmania showed the most modest annual decline at just 0.5 per cent, suggesting greater stability in this market compared to other regional areas.