More vendors listing their home for sale
31/03/2025
When more properties come onto the market, buyers have more choice, which means they face less competition and have more bargaining power. And that’s exactly what’s happening now.
Across Australia, 249,325 homes were listed for sale in February, according to SQM Research. That represented a 2.3% month-on-month increase and a 4.1% year-on-year increase.
Meanwhile, the number of new listings (those on the market for less than 30 days) reached 76,159 in February, which was 43.6% higher than the month before and 2.0% higher than the year before.
That means buyers in many parts of the country are in a stronger position than last year, although conditions are still reasonably good for sellers.
Whether you’re purchasing in a buyer’s, seller’s or neutral market, one thing you can do to strengthen your negotiating hand is to get a pre-approval before you start looking for a home. That’s because vendors generally favour buyers who have their finance sorted and can move quickly.
