Sellers have been out early this year, with new listings seeing a 6.6% jump as Spring selling gets underway.
According to PropTrack, capital cities are seeing the most activity as Sydney, Melbourne and Canberra recorded the greatest number of new listings for August in over a decade. Overall, capital city listings were 1.6% higher year-on-year, the highest since 2012.
The market has enjoyed consistent momentum, with Sydney seeing its 14th consecutive month of annual listing growth, while Melbourne and Brisbane followed closely behind.
The strong listings have provided more choice for buyers, with total properties for sale increasing 4.5% from August 2023.