A surge in property listings has been observed across Australian capital cities in March, driven by homeowner confidence following the Reserve Bank’s interest rate cut in February. According to Mortgage Choice, this wave of new listings signifies a positive response to improved market conditions.
The latest REA Group Listings Report reveals a 6.1% year-on-year increase in new property listings nationwide. Notably, capital cities experienced significant rises, with Adelaide, Sydney, Perth, Canberra, and Melbourne leading the pack with impressive growth rates.
Angus Moore, the REA Group executive manager of economics, noted that Sydney and Melbourne have seen robust activity in 2025, reflecting ongoing vendor confidence amidst rising home prices and declining mortgage rates.
While capital cities thrived, regional markets did not witness a similar surge in listings, with a 4.6% decrease compared to the previous year. This difference can be attributed to seasonal factors, such as the timing of Easter impacting market activity.
The increase in property listings has expanded choices for prospective buyers, with total listings rising by 6.8% in capital cities and 4% nationally. Canberra led the total listings rise, followed by Sydney, Perth, and Adelaide, indicating a broader market shift.
Real estate agent Dib Chidiac highlighted that lower interest rates have encouraged sellers to list their properties, anticipating better prices and increased buyer activity. However, short-term fluctuations in listings were noted due to public holidays and the upcoming federal election.
Following the rate cut in February, which brought the official cash rate down to 4.1%, market sentiment improved, bolstering home buyer confidence. While rate cuts generally support housing market conditions, global uncertainties have led to fluctuations in consumer sentiment.
The PropTrack Home Price Index reported a 0.3% national increase in property prices in March, with Sydney and Canberra leading the growth among capital cities. Economists anticipate further rate cuts by the RBA in response to slowing inflation and global economic challenges.
Westpac’s Matthew Hassan and NAB’s Sally Auld foresee additional rate cuts in the upcoming months, with major banks aligning on potential reductions. The RBA’s decision-making will be informed by key economic indicators and global trade developments ahead of its next meeting.
As the property market continues to evolve in response to economic stimuli and global factors, stakeholders are closely monitoring trends and anticipating further adjustments in monetary policy to sustain market activity and support economic growth.
📰 Related Articles
- Australian Shares Surge on Rate Cut Speculations and Market Optimism
- Australian Dual Listings Surge on Toronto Stock Exchange
- ASX Gains Despite Rate Cut Speculations and Job Surge
- Virgin Money Reverses Decision, Passes Full Rate Cut
- Study Reveals Rising Income Needed for Australian Property Buyers
📚Book Titles
- Navigating the Polar Vortex: Strategies for Resilience in Extreme Cold
- Dulce’s Dark Secrets: Unveiling the Underworld of Alien Conspiracies and Government Cover-Ups
- Dulce’s Dark Secrets: Unveiling the Underworld of Alien Conspiracies and Government Cover-Ups
- 2024 Royal Visit: The Moment Australia Faced Its Monarchy Future