The REA Group Listings Report for March 2025 shows national new property listings jumped 6.1% compared to the same time last year, despite a marginal 0.6% dip from February.
Sydney and Melbourne are leading the charge, with new listings surging 17.7% and 13.5% year-on-year, respectively. This continues the two largest cities’ run of above-average market activity throughout 2025.
Angus Moore, senior economist at REA Group, noted that the strong growth compared to last year partly reflects that Easter fell in March in 2024. “While this is partly due to the timing of Easter in 2024, it continues Sydney and Melbourne’s run of above-average activity in 2025,” he said.
Adelaide recorded the biggest yearly jump with new listings skyrocketing 27.3%, while Perth (+17.3%) and Canberra (+16.5%) also posted impressive gains.
Brisbane was the only capital to buck the trend, with new listings dropping 5.5% compared to March 2024. This slump was likely due to cyclone-related disruptions, according to the report.
The data presents a stark contrast between capital cities and regional areas, with new listings in regional markets falling 4.6% compared to March last year. Regional Queensland recorded the largest drop at 6.7% year-on-year, followed closely by Regional Tasmania (-6.5%).
In a surprise result, Darwin saw new listings surge 13.1% month-on-month, though total listings in the NT capital remain 28.1% below last year’s levels.
The total supply of properties available for sale nationally increased 2.1% over the month to sit 4.0% higher than a year earlier, signalling improved choice for buyers. Nearly all capital cities recorded more new listings this year than last, with capital city listings collectively rising 12.9% year-on-year while total listings in capital cities increased by 6.8%.
Regional areas showed more subdued activity, with total listings in regional areas increasing only marginally by 0.1% month-on-month and 0.9% year-on-year.
The REA Group Listings Report is based on properties listed for sale on realestate.com.au and provides monthly updates on new and total property listings across Australian capital cities and regional areas.
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