26/03/2026
๐๐ฐ ๐๐ผ๐ผ๐ฑ ๐ป๐ฒ๐๐ ๐ณ๐ผ๐ฟ ๐ฏ๐๐๐ฒ๐ฟ๐ โ ๐๐๐ฟ๐ด๐ฒ ๐ถ๐ป ๐ต๐ผ๐บ๐ฒ๐ ๐ต๐ถ๐๐๐ถ๐ป๐ด ๐๐ต๐ฒ ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฐ๐โฃ
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If youโre in the market for a home, you may have noticed there hasnโt always been a whole lot of choice in recent months. Fortunately, it looks like property listings are really starting to pick back up. Hereโs how to make the most of the increase in choice.โฃ
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Sure, price is the obvious big barrier when it comes buying your first home.โฃ
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But thatโs often got a whole lot to do with a lack of supply (less supply than demand typically = higher prices).โฃ
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And in fact, Westpac says supply shortages have been one of the most significant hurdles for Aussies trying to enter the property market, with one in four (26%) first home buyers saying a lack of listed properties was holding them back.โฃ
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But the tide may be starting to turn.โฃ
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According to SQM Research, new listings โsurgedโ 48.6% nationally in February, marking the strongest monthly rise since spring 2025.โฃ
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And new listings continued to climb in the four weeks to mid-March.โฃ
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Letโs take a look at why a rise in homes listed for sale is a plus for home buyers, and how it could impact your buying plans.โฃ
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๐๐ป Where listings growth is strongest ๐๐ปโฃ
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According to Cotality, March has seen new listings climb by 10% or more (year-on-year) in Melbourne, Brisbane, Hobart and Canberra.โฃ
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Sydney (up 4.1%) and Adelaide (4.8%) have seen more modest growth in new listings, though the overall trend is upwards.โฃ
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Only Perth and Darwin are bucking the trend, with new listings down 12.8% and 12.3% respectively compared to a year ago.โฃ
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๐๐ป How does an increase in listings benefit home buyers? ๐๐ปโฃ
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Across our capital cities, the four weeks to mid-March saw a For Sale sign pop up in front of an extra 27,772 homes. โฃ
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An increase in new listings offers several upsides for home buyers.โฃ
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More homes on the market means more choice, so you may not have to compromise on your wish list of home features.โฃ
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In addition, increased supply has the potential to keep a lid on price growth.โฃ
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However, that doesnโt necessarily mean values will fall.โฃ
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Listings are still 9.1% lower year-on-year. So weโre still not in a โbalancedโ market where supply equals demand.โฃ
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In fact, delaying your buying plans in the hope that home prices will soften could work against you.โฃ
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SQM Research crunched the numbers and found that even if the Reserve Bank hiked interest rates by a further 0.25% by mid-year, capital city home values could still end the year 3.0% higher. Home values in several cities including Perth, Brisbane, Darwin and Adelaide could rise by at least 10%. โฃ
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Long story short, itโs worth thinking about how you could benefit from increased supply right now, rather than postponing your buying plans.โฃ
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๐๐ป What you can do as a home buyer ๐๐ปโฃ
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There are several ways you may be able to take advantage of an increase in property listings.โฃ
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First and foremost, understand your borrowing power. This may have changed as a result of the March rate hike.โฃ
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Talk to us to know how much you can comfortably borrow. It can drive your buying budget.โฃ
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Next, keep an eye on local sales results and selling times. Values may not fall, but if homes start taking longer to sell, you could have more leverage to negotiate a discount.โฃ
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Finally โ and possibly most importantly โ talk to us about having your home loan pre-approved.โฃ
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Westpac research shows two-in-five home buyers point to rivalry with other buyers as a barrier to getting into the market.โฃ
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Having pre-approval in place could give you a competitive edge over less organised buyers.โฃ
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So get in touch about securing pre-approval for a loan that suits your needs โ itโs about making the most of a market that could be starting to swing in your favour.
