Fresh stock up in shrinking property market

The number of new listings coming to the Darwin property market lifted in September but buyers are still faced with far less choice than they had a year ago.

The latest REA Group Listing Report revealed Darwin saw a 25.6 per cent increase in new listings last month.

This contributed to the new listings being up 0.9 per cent year-on-year.

However, total listing fell 0.7 per cent in September and were down a whopping 40 per cent compared to September 2024.

REA Group senior economist and report author, Angus Moore said Darwin had seen an especially notable decline in total listings compared to other capital cities.

“(This was) driven by both a smaller flow of new listings through much of 2025 – though September was an exception – and homes selling faster,” he said.

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In regional NT, new listings were up 12.3 per cent month-on-month and 51.9 per cent year-on-year while total listings were down 0.8 per cent in September and 4.8 per cent in the past 12 months.

Mr Moore said new listings nationally were down 4.1 per cent year-on-year.

“Regional areas recorded a larger decline (-5% YoY) compared to metro markets (-3% YoY),” he said.

“The decline in metro market activity was driven by Brisbane, Adelaide and Perth due to strong prior period comparables.

“New listings in Sydney were largely in line with last September (-0.4%), while Melbourne listings were higher (+4%).”

The report showed the total volume of listings on market was down 8 per cent since September 2024, with homes selling a little faster than a year ago.

“The decline was similarly sized in regional areas and capital cities,” Mr Moore said.

“However, the declines differed across the cities.

“Buyers in Sydney (-3%) and Adelaide (-2%) saw only slightly less stock than a year earlier, while buyers in Melbourne (-10%), Brisbane (-14%) and Hobart (16%) recorded larger declines.”

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