The latest SQM Research data shows a moderate increase in property listings, providing buyers with slightly more options in some capital cities.

Total listings reached 429,325 in February 2025, up 2.3% from January and 4.1% higher year-on-year.

Listing increases varied across major markets, with Sydney (11.6%), Canberra (8.3%), Melbourne (5.5%), and Adelaide (4.8%) recording the highest gains.

Meanwhile, Brisbane (1.5%) and Hobart (1.1%) saw smaller rises, while Perth (-0.9%) and Darwin (-1.6%) experienced slight declines.

SQM Research Managing Director Louis Christopher attributes the increase to strong selling activity but notes that a rise in older listings in Sydney and Melbourne suggests a growing number of unsold properties.

“Going forward, it is likely we will record another rise in listings for the current month of March. Then, the listings market is likely to go into a bit of a hiatus for the April public holiday period and will stay that way until the Federal Election has concluded,” he says.

For mortgage lenders, shifting market conditions could impact buyer sentiment, loan demand, and lending strategies.

Rising inventory may signal a more balanced market, creating potential opportunities for borrowers who have been facing affordability challenges.

Additionally, stagnant or unsold properties in key markets could influence property valuations and lending risk assessments.