There are more homes for sale each year, which means less competition and more choices for buyers. In some places, new listings have gone up by more than 30%.
Spring offers more homebuyer options,
According to the most recent PropTrack data, the number of property listings in July significantly exceeded the five-year average from 2018 to 2023. In fact, new listings were 6.4% higher than the highest number recorded in July over the past five years.
Over the past year, the number of new property listings has increased by 12% across the country. This means more choices for people looking to buy.
The rise in listings is thanks to more sellers feeling confident about the market.
Buyer demand is still strong, partly because interest rates have stabilized and are expected to remain steady for the next six months. Additionally, homeowners have gained equity from rising home prices over the past 19 months, which has encouraged more people to sell their properties, hoping to achieve a good sale.
Although the overall number of listings has gone up nationwide, some regions have seen a much bigger increase in new listings.
Top 10 regions with the highest annual increase in new property listings
| Region (SA4) | State | % change in new listings |
| Riverina | NSW | 41% |
| Launceston and North East | TAS | 31% |
| Perth – Inner | WA | 38% |
| Sydney – South West | NSW | 31% |
| South Australia | SA | 31% |
| Brisbane – East | QLD | 31% |
| Perth – South East | WA | 27% |
| Melbourne – Inner | VIC | 23% |
| Brisbane – West | QLD | 23% |
| Sydney – Outer South West | NSW | 22% |
New property listings in the Riverina region of NSW soared by an impressive 41% since July 2023, marking the highest increase of any region in the country. This growth was more than three times the national average, significantly expanding choices for buyers in the area.
Launceston and North East, and Perth-Inner also saw notable increases, with new listings rising by 38% and 31% respectively over the past year. Enhanced seller confidence in these regions has contributed to a larger selection of properties available to buyers.
Options for prospective buyers have also expanded in Sydney – South West and South Australia – Outback, with new listings increasing by nearly a third compared to July 2023.
The rise in listings may have contributed to the recent slowdown in home price growth, but we expect activity to pick up as spring approaches.
Competition is likely to intensify in the coming months as more transactions occur, though market conditions will ultimately depend on the availability of listings and the level of buyer demand.
