Property listings increased again slightly in some capital cities in February, giving buyers slightly more options to choose from. 

SQM Research data shows that total listings reached 429,325, which is up 2.3% from January 2025 and 4.1% higher than 12 months ago. According to SQM Research, listings are up 11.6% in Sydney in February, 8.3% in Canberra, 5.5% in Melbourne, and 4.8% in Adelaide. Brisbane listings were only up 1.5% for the month, and Hobart is up 1.1%, while listings are down by 0.9% in Perth and 1.6% in Darwin.

SQM Research managing director Louis Christopher says the latest figures suggest strong selling activity but noted there has also been an increase in older listings in Sydney and Melbourne, which points to a buildup 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.