Listings activity
April listing data reveals a notable seasonal decline across most markets. The movement of new listings across the country illustrates that while 2025 started strongly with listing volumes exceeding 2023 levels, April has seen a more substantial seasonal decline than 2024 albeit still trending above 2023 results. Looking at the data, April 2025 recorded 36,655 new listings nationally, compared to 43,785 in April 2024 and 32,247 in April 2023. This intermediate position between the previous two years suggests a market that’s normalising from the heightened activity of 2024 but remains more active than during the subdued conditions of 2023. This supply constraint continues to be a significant factor supporting price growth despite other market headwinds.
April listing data reveals a notable seasonal decline across most markets. The movement of new listings across the country illustrates that while 2025 started strongly with listing volumes exceeding 2023 levels, April has seen a more substantial seasonal decline than 2024 albeit still trending above 2023 results. Looking at the data, April 2025 recorded 36,655 new listings nationally, compared to 43,785 in April 2024 and 32,247 in April 2023. This intermediate position between the previous two years suggests a market that’s normalising from the heightened activity of 2024 but remains more active than during the subdued conditions of 2023. This supply constraint continues to be a significant factor supporting price growth despite other market headwinds.
Sydney and Melbourne continue to dominate in absolute numbers with 7,322 and 7,417 new listings respectively, though both experienced substantial monthly declines of 24.6 per cent and 11.0 per cent. Canberra recorded the largest monthly decrease at 26.9 per cent, followed closely by Darwin at 24.0 per cent. The Gold Coast stands as the only major market to record a monthly increase in listings, up 10.7 per cent, though still down 16.1 per cent year-on- year.
The most substantial annual declines were recorded in Melbourne (24.6 per cent), Darwin (24.0 per cent), and Brisbane (19.0 per cent), reflecting particularly tight supply conditions in these markets compared to last year. The persistent shortage of available properties in high-growth markets like Brisbane and Perth is likely contributing to their continued strong price performance despite affordability challenges.
Regional markets show a similar pattern with combined listings down 5.3 per cent for the month to 12,556 properties and 13.4 per cent annually. Regional Queensland and Northern Territory recorded modest monthly increases in listing activity at 1.2 per cent and 2.5 per cent respectively, though both regions remain well below their 2024 levels with year-on-year declines of 16.9 per cent and 28.1 per cent.
Regional Western Australia and Tasmania saw the largest monthly decreases at 10.1 per cent and 9.5 per cent respectively, while regional South Australia demonstrated the smallest annual decline at just 1.5 per cent. These varying listing patterns reflect the different stages of market cycles across regional Australia, with the overall trend pointing to continued supply constraints supporting price growth.
Regional markets show a similar pattern with combined listings down 5.3 per cent for the month to 12,556 properties and 13.4 per cent annually. Regional Queensland and Northern Territory recorded modest monthly increases in listing activity at 1.2 per cent and 2.5 per cent respectively, though both regions remain well below their 2024 levels with year-on-year declines of 16.9 per cent and 28.1 per cent.
Regional Western Australia and Tasmania saw the largest monthly decreases at 10.1 per cent and 9.5 per cent respectively, while regional South Australia demonstrated the smallest annual decline at just 1.5 per cent. These varying listing patterns reflect the different stages of market cycles across regional Australia, with the overall trend pointing to continued supply constraints supporting price growth.
