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National new listings volumes were up 8.4 per cent over the month of July, according to PropTrack.
The data from realestate.com.au showed the number of new listings was up 8.4 per cent over the month of July – and 12 per cent higher than July 2023.
According to Cameron Kusher, director of economic research at PropTrack, for four consecutive months “buyers have enjoyed more choice than they had a year ago, with new listings up again in July”.
For Sydney and Melbourne, the increase in listings lasted even longer, boasting increases across most months of the last year.
That’s nascent of a wider trend across capital cities, which saw a 14.4 per cent rise in new listings year-on-year.
In contrast, regional market numbers only rose 7.9 per cent.
Kusher said the boost in listings – which reflects a “stronger new listings environment” – “has resulted in more choice for buyers with total properties advertised for sale up 8.3 per cent in July from a year earlier”.
It also earmarks improved confidence from sellers.
Even so, Kusher conceded the larger number of listings “is also likely a key contributor to slowing home price growth”.
Which regions have seen the biggest boost in listings year-on-year?
While new listing volumes were higher across all capital cities in comparison to July 2023, the greatest year-on-year increases were seen in Adelaide (+17.4 per cent), Canberra (+16.2 per cent) and Brisbane (+16.1 per cent).
For the non-capital city regions, regional Tasmania (+26.1 per cent), regional Western Australia (+12.7 per cent) and regional NSW (+8.2 per cent) saw the greatest growth in listing figures.
12-month figures
Looking at the last 12 months altogether, Canberra (+33.7 per cent), Melbourne (+21.7 per cent) and Sydney (+17.4 per cent) saw the largest increase in total listings.
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