Listings across Australia are on the rise, with some areas seeing higher levels than at the start of the pandemic, according to PropTrack’s latest analysis.

The national listings report shows a 7.9% increase in listings between 2023 and 2024, marking the strongest year since 2021.

PropTrack’s Director of Economic Research, Cameron Kusher, attributes the rise to several factors, including sellers taking advantage of the significant price gains they’ve made in recent years.

“At a national level, many homeowners who hadn’t moved or upgraded in some time took the opportunity to do so, leveraging the substantial equity gains in their properties over recent years,” Kusher says.

Year-on-year, total listings have increased by 6.7% in capital cities and 4.7% in regional centres.

“Capital city prices have increased substantially, making them less accessible for many buyers – in contrast, regional markets remain relatively affordable, which has kept demand metrics stronger there,” Kusher adds.