by Sanjeev Sah | Sep 05, 2023 | Market Updates

It looks like it’s going to be a busy spring for Australia’s two biggest property markets, with PropTrack reporting new listings are finally on the up in Sydney and Melbourne.  

Both cities saw more properties hitting the market in July when compared to the previous year with new listing volumes up: 

* 9.2% year-on-year in Sydney 

* 9.1% year-on-year in Melbourne 

By contrast, buyers in the other capital cities are facing more limited choice, particularly in  

 (-17.6% year-on-year), Perth (-16.6%) and Brisbane (-14.0%).