{"id":177131,"date":"2025-05-08T16:30:55","date_gmt":"2025-05-08T06:30:55","guid":{"rendered":"https:\/\/propertyupdate.com.au\/?p=177131"},"modified":"2025-05-09T08:21:50","modified_gmt":"2025-05-08T22:21:50","slug":"asking-property-price-index","status":"publish","type":"post","link":"https:\/\/propertyupdate.com.au\/asking-property-price-index\/","title":{"rendered":"Latest Property Asking Prices State by State | New Listings down by 11.6% Compared to March 2025"},"content":{"rendered":"

Nationally, house asking prices increased by 0.3%, while unit asking prices increased by 0.2%, resulting in a combined increase of 0.3%.<\/p>\n

Among capital cities, the average asking price rose by 0.7%, with houses increasing by 0.8% and units by 0.3%.<\/p>\n

Sydney\u2019s market saw house asking prices rising by 1.8% and unit prices increased by 0.9%, leading to a increase of combined asking prices to 1.6%.<\/p>\n

In Melbourne, house asking prices rose by 0.7%, and unit prices by 0.2%, resulting in a combined increase of 0.6%.<\/p>\n

Brisbane experienced a rise in house asking prices by 0.8% and a decrease of 0.1% in unit prices, with an overall increase of 0.6%.<\/p>\n

Perth recorded a 1.2% decrease in unit prices and a 0.4% increase in house prices, leading to a combined gain of 0.1%.<\/p>\n

Adelaide house asking prices saw a slight decline of 0.8%, and unit prices increased by 1.4%, with the combined index down by 0.6%.<\/p>\n

Darwin house prices increased by 1.4% and unit prices increased by 0.4%, leading to a combined growth of 1.2%.<\/p>\n

Hobart saw an increase in house prices of 1.3% and unit prices increasing by 1.0 %, resulting in a combined rate increase of 1.3%.<\/p>\n

Canberra had a decrease in house asking prices by 0.8% and a decrease in unit prices by 0.7%, leading to a combined decrease of 0.8%.<\/p>\n

\"Surge\"<\/p>\n

Meanwhile, according to data released by SQM Research, total nationwide residential property listings decreased by 3.6% over the month of April 2025, falling to 242,435 listed properties.<\/p>\n

Listings declined across all major cities.<\/p>\n

Sydney and Canberra recorded the largest monthly decrease at 7%.<\/p>\n

Perth recorded a 2.9% monthly drop, with listings falling to 15,621 dwellings; albeit this count is still 13.9% higher than the same time last year.<\/p>\n

Melbourne saw a 4.5% month-on-month decrease, bringing total listings to 38,548, reflecting a 1.5% yearly decline.<\/p>\n

Brisbane recorded a 3.3% monthly decline and a 5% yearly drop.<\/p>\n

Adelaide listings fell by 3% over the month, with a 1.6% yearly decline.<\/p>\n

Hobart saw a monthly 3.5% decline but yearly gains of 5.5%.<\/p>\n

Darwin experienced a 2.8% monthly decline, with yearly listings falling by a massive 26.2% compared to April 2024.<\/p>\n

Total Listings of Properties for Sale<\/span><\/h2>\n\n\n\n\n\n\n\n\n\n\n\n\n
City<\/strong><\/th>\nApril 2025 Total<\/strong><\/th>\nMarch 2025 Total <\/strong><\/th>\nApril 2024 Total<\/strong><\/th>\nMonthly change<\/strong><\/th>\nYearly Change %<\/strong><\/th>\n<\/tr>\n
Sydney<\/td>\n32,241<\/td>\n34,686<\/td>\n29,506<\/td>\n-7.0%<\/td>\n9.3%<\/td>\n<\/tr>\n
Melbourne<\/td>\n38,548<\/td>\n40,357<\/td>\n39,137<\/td>\n-4.5%<\/td>\n-1.5%<\/td>\n<\/tr>\n
Brisbane<\/td>\n15,813<\/td>\n16,348<\/td>\n16,652<\/td>\n-3.3%<\/td>\n-5.0%<\/td>\n<\/tr>\n
Perth<\/td>\n15,621<\/td>\n16,080<\/td>\n13,718<\/td>\n-2.9%<\/td>\n13.9%<\/td>\n<\/tr>\n
Adelaide<\/td>\n8,232<\/td>\n8,488<\/td>\n8,365<\/td>\n-3.0%<\/td>\n-1.6%<\/td>\n<\/tr>\n
Canberra<\/td>\n4,359<\/td>\n4,689<\/td>\n4,003<\/td>\n-7.0%<\/td>\n8.9%<\/td>\n<\/tr>\n
Darwin<\/td>\n1,094<\/td>\n1,126<\/td>\n1,483<\/td>\n-2.8%<\/td>\n-26.2%<\/td>\n<\/tr>\n
Hobart<\/td>\n3,111<\/td>\n3,224<\/td>\n2,948<\/td>\n-3.5%<\/td>\n5.5%<\/td>\n<\/tr>\n
National<\/td>\n242,435<\/td>\n251,605<\/td>\n239,660<\/td>\n-3.6%<\/td>\n1.2%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source:\u00a0SQM Research<\/a><\/em><\/p>\n

New Listings<\/span><\/h2>\n

Nationally, new residential property listings (less than 30 days) were down by 11.6% in April 2025, falling to 66,232 properties nationwide.<\/p>\n

This represents a 1% decrease compared to April 2024.<\/p>\n

SQM attributes this large decline to the Federal election as well as the <\/strong>Easter\/Anzac Day holiday period.<\/strong><\/p>\n

Darwin, Sydney and Canberra recorded the largest monthly declines in new listings, dropping by 36.7%, 23.6% and 25.1% respectively.<\/p>\n

Melbourne saw a 14.7% monthly and a 4.4% yearly decline.<\/p>\n

Perth experienced an 8.1% monthly decrease in new listings but recorded a 10.9% yearly increase.<\/p>\n

Adelaide saw a 9% monthly decline, though listings rose 1% compared to April 2025.<\/p>\n

Brisbane recorded a 6.1% monthly decrease with an annual decline of 7.9%.<\/p>\n

Hobart listings fell by 16% over the month but saw a yearly increase of 6.6%.<\/p>\n

New Listings of properties for sale (less than 30 days)<\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n
City<\/strong><\/th>\nApril 2025 Total<\/strong><\/th>\nMarch 2025 Total <\/strong><\/th>\nApril 2024 Total<\/strong><\/th>\nMonthly change<\/strong><\/th>\nYearly Change %<\/strong><\/th>\n<\/tr>\n
Sydney<\/td>\n12,619<\/td>\n16,507<\/td>\n12,940<\/td>\n-23.6%<\/td>\n-2.5%<\/td>\n<\/tr>\n
Melbourne<\/td>\n15,111<\/td>\n17,722<\/td>\n15,804<\/td>\n-14.7%<\/td>\n-4.4%<\/td>\n<\/tr>\n
Brisbane<\/td>\n6,460<\/td>\n6,880<\/td>\n7,014<\/td>\n-6.1%<\/td>\n-7.9%<\/td>\n<\/tr>\n
Perth<\/td>\n6,224<\/td>\n6,773<\/td>\n5,610<\/td>\n-8.1%<\/td>\n10.9%<\/td>\n<\/tr>\n
Adelaide<\/td>\n3,794<\/td>\n4,171<\/td>\n3,756<\/td>\n-9.0%<\/td>\n1.0%<\/td>\n<\/tr>\n
Canberra<\/td>\n1,426<\/td>\n1,904<\/td>\n1,531<\/td>\n-25.1%<\/td>\n-6.9%<\/td>\n<\/tr>\n
Darwin<\/td>\n224<\/td>\n354<\/td>\n237<\/td>\n-36.7%<\/td>\n-5.5%<\/td>\n<\/tr>\n
Hobart<\/td>\n650<\/td>\n774<\/td>\n610<\/td>\n-16.0%<\/td>\n6.6%<\/td>\n<\/tr>\n
National<\/td>\n66,232<\/td>\n74,951<\/td>\n66,871<\/td>\n-11.6%<\/td>\n-1.0%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source:\u00a0SQM Research<\/a><\/em><\/p>\n

Old Listings<\/span><\/h2>\n

The number of older residential property listings (properties listed for over 180 days) increased by 1.6% nationally in April 2025, reaching 76,067 properties.<\/p>\n

This marks a 10.6% rise compared to April 2024.<\/p>\n

Sydney\u2019s older listings grew by 3% over the month, with a 27.9% annual increase.<\/p>\n

Melbourne recorded a 3.2% monthly rise, with a 15.6% increase compared to April 2024.<\/p>\n

Brisbane saw a 3.2% increase for April but experienced a 14.9% decrease since April 2024.<\/p>\n

Perth recorded a 2.3% monthly increase, but listings dropped 7.9% year-on-year.<\/p>\n

Adelaide's older listings rose by 6.4% in April, yet declined by 15.3% compared to April 2024.<\/p>\n

Canberra saw a 5.5% monthly rise, with a significant 60.1% annual increase.<\/p>\n

Darwin was the only city to record a monthly decrease, with listings falling 1.8% in April and 14.1% since April 2024.<\/p>\n

Hobart\u2019s older listings increased by 5.4% in April, with a 30.4% annual rise.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
City<\/strong><\/th>\nApr-25<\/strong><\/th>\nMar-25<\/strong><\/th>\nApr-24<\/strong><\/th>\nMonthly change<\/strong><\/th>\nYearly Change %<\/strong><\/th>\n<\/tr>\n
Sydney<\/td>\n6,638<\/td>\n6,442<\/td>\n5,191<\/td>\n3.0%<\/td>\n27.9%<\/td>\n<\/tr>\n
Melbourne<\/td>\n9,053<\/td>\n8,771<\/td>\n7,833<\/td>\n3.2%<\/td>\n15.6%<\/td>\n<\/tr>\n
Brisbane<\/td>\n1,824<\/td>\n1,768<\/td>\n2,144<\/td>\n3.2%<\/td>\n-14.9%<\/td>\n<\/tr>\n
Perth<\/td>\n1,733<\/td>\n1,694<\/td>\n1,881<\/td>\n2.3%<\/td>\n-7.9%<\/td>\n<\/tr>\n
Adelaide<\/td>\n971<\/td>\n913<\/td>\n1,147<\/td>\n6.4%<\/td>\n-15.3%<\/td>\n<\/tr>\n
Canberra<\/td>\n890<\/td>\n844<\/td>\n556<\/td>\n5.5%<\/td>\n60.1%<\/td>\n<\/tr>\n
Darwin<\/td>\n387<\/td>\n394<\/td>\n657<\/td>\n-1.8%<\/td>\n-41.1%<\/td>\n<\/tr>\n
Hobart<\/td>\n1,247<\/td>\n1,183<\/td>\n956<\/td>\n5.4%<\/td>\n30.4%<\/td>\n<\/tr>\n
National<\/td>\n76,067<\/td>\n74,877<\/td>\n68,793<\/td>\n1.6%<\/td>\n10.6%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source:\u00a0SQM Research<\/a><\/em><\/p>\n

Distressed Listings<\/span><\/h2>\n

According to SQM Research\u2019s April 2025 report, the number of residential properties listed under distressed conditions in Australia decreased to 4,796, reflecting a 3.5% fall from the previous month.<\/p>\n

Distressed listings remain lower by 8.8% year-on-year, reflecting a benign distressed properties environment at the national level.<\/p>\n

NSW recorded a 9.7% monthly decrease in distressed listings, and is 12.7% lower than April 2024.<\/p>\n

VIC saw a 1.7% monthly decline and a 9.3% increase annually.<\/p>\n

QLD recorded a 0.3% monthly increase, though figures are 19.6% lower year-on-year.<\/p>\n

WA and SA reported 1.9% and 0.8% decreases. While the ACT had the most significant monthly decrease, with distressed listings 32.4% lower, though 4.2% higher than a year ago.<\/p>\n

NT and TAS experienced monthly declines of 7.1% and 1.6%. respectively with distressed listings at 104 and 120 listed dwellings.<\/p>\n

Distressed Property Listings<\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n
State<\/th>\nMar 2025 Total Listings<\/th>\nMonthly change<\/th>\nYearly change<\/th>\n<\/tr>\n
NSW<\/td>\n1,131<\/td>\n-9.7%<\/td>\n-12.7%<\/td>\n<\/tr>\n
VIC<\/td>\n1,088<\/td>\n-1.7%<\/td>\n9.3%<\/td>\n<\/tr>\n
QLD<\/td>\n1,387<\/td>\n0.3%<\/td>\n-19.6%<\/td>\n<\/tr>\n
WA<\/td>\n687<\/td>\n-1.9%<\/td>\n-12.8%<\/td>\n<\/tr>\n
SA<\/td>\n254<\/td>\n-0.8%<\/td>\n19.8%<\/td>\n<\/tr>\n
ACT<\/td>\n25<\/td>\n32.4%<\/td>\n4.2%<\/td>\n<\/tr>\n
NT<\/td>\n104<\/td>\n-7.1%<\/td>\n1.0%<\/td>\n<\/tr>\n
TAS<\/td>\n120<\/td>\n-1.6%<\/td>\n6.2%<\/td>\n<\/tr>\n
National<\/td>\n4,796<\/td>\n-3.5%<\/td>\n-8.8%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source:\u00a0SQM Research<\/a><\/em><\/p>\n

Asking Prices<\/span><\/h2>\n

Sydney Weekly Asking Prices Index<\/h3>\n\n\n\n\n\n\n\n
Property type<\/th>\nPrice ($)<\/th>\nWeekly Change<\/th>\nMonthly Change %<\/th>\nAnnual % change<\/th>\n<\/tr>\n<\/thead>\n
All Houses<\/td>\n2,040,796<\/td>\n1.542<\/td>\n1.8%<\/td>\n6.5%<\/td>\n<\/tr>\n
All Units<\/td>\n853,666<\/td>\n4.234<\/td>\n0.9%<\/td>\n6.2%<\/td>\n<\/tr>\n
Combined<\/td>\n1,558,071<\/td>\n2.398<\/td>\n1.6%<\/td>\n6.2%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source: SQM Research<\/em><\/p>\n

Melbourne Weekly Asking Prices Index<\/h3>\n\n\n\n\n\n\n\n
Property type<\/span><\/th>\nPrice ($)<\/th>\nWeekly Change<\/th>\nMonthly Change %<\/th>\nAnnual % change<\/th>\n<\/tr>\n<\/thead>\n
All Houses<\/td>\n1,277,500<\/td>\n-1.385<\/td>\n0.7%<\/td>\n1.8%<\/td>\n<\/tr>\n
All Units<\/td>\n627,079<\/td>\n-0.279<\/td>\n0.2%<\/td>\n3.6%<\/td>\n<\/tr>\n
Combined<\/td>\n1,072,228<\/td>\n-1.148<\/td>\n0.6%<\/td>\n1.9%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source: SQM Research<\/em><\/p>\n

Perth Weekly Asking Prices Index<\/h3>\n\n\n\n\n\n\n\n
Property type<\/span><\/th>\nPrice ($)<\/th>\nWeekly Change<\/th>\nMonthly Change %<\/th>\nAnnual % change<\/th>\n<\/tr>\n<\/thead>\n
All Houses<\/td>\n1,127,117<\/td>\n3.826<\/td>\n0.4%<\/td>\n14.8%<\/td>\n<\/tr>\n
All Units<\/td>\n647,957<\/td>\n-0.683<\/td>\n-1.2%<\/td>\n27.6%<\/td>\n<\/tr>\n
Combined<\/td>\n1,001,634<\/td>\n2.609<\/td>\n0.1%<\/td>\n16.7%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source: SQM Research<\/em><\/p>\n

Brisbane Weekly Asking Prices Index<\/h3>\n\n\n\n\n\n\n\n
Property type<\/span><\/th>\nPrice ($)<\/th>\nWeekly Change<\/th>\nMonthly Change %<\/th>\nAnnual % change<\/th>\n<\/tr>\n<\/thead>\n
All Houses<\/td>\n1,228,688<\/td>\n4.297<\/td>\n0.8%<\/td>\n12.3%<\/td>\n<\/tr>\n
All Units<\/td>\n715,146<\/td>\n-2.346<\/td>\n-0.1%<\/td>\n17.7%<\/td>\n<\/tr>\n
Combined<\/td>\n1,099,722<\/td>\n2.543<\/td>\n0.6%<\/td>\n13.0%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source: SQM Research<\/em>.<\/p>\n

Adelaide Weekly Asking Prices Index<\/h3>\n\n\n\n\n\n\n\n
Property type<\/span><\/th>\nPrice ($)<\/th>\nWeekly Change<\/th>\nMonthly Change %<\/th>\nAnnual % change<\/th>\n<\/tr>\n<\/thead>\n
All Houses<\/td>\n1,009,728<\/td>\n4.511<\/td>\n-0.8%<\/td>\n11.9%<\/td>\n<\/tr>\n
All Units<\/td>\n543,857<\/td>\n-3.357<\/td>\n1.4%<\/td>\n18.6%<\/td>\n<\/tr>\n
Combined<\/td>\n925,960<\/td>\n3.077<\/td>\n-0.6%<\/td>\n12.6%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source: SQM Research<\/em><\/p>\n

Canberra Weekly Asking Prices Index<\/h3>\n\n\n\n\n\n\n\n
Property type<\/span><\/th>\nPrice ($)<\/th>\nWeekly Change<\/th>\nMonthly Change %<\/th>\nAnnual % change<\/th>\n<\/tr>\n<\/thead>\n
All Houses<\/td>\n1,150,519<\/td>\n-2.894<\/td>\n-0.8%<\/td>\n-2.8%<\/td>\n<\/tr>\n
All Units<\/td>\n597,632<\/td>\n0.118<\/td>\n-0.7%<\/td>\n0.6%<\/td>\n<\/tr>\n
Combined<\/td>\n944,906<\/td>\n-2.151<\/td>\n-0.8%<\/td>\n-2.5%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source: SQM Research<\/em><\/p>\n

Darwin Weekly Asking Prices Index<\/h3>\n\n\n\n\n\n\n\n
Property type<\/span><\/th>\nPrice ($)<\/th>\nWeekly Change<\/th>\nMonthly Change %<\/th>\nAnnual % change<\/th>\n<\/tr>\n<\/thead>\n
All Houses<\/td>\n764,609<\/td>\n3.091<\/td>\n1.4%<\/td>\n15.3%<\/td>\n<\/tr>\n
All Units<\/td>\n405,233<\/td>\n-0.483<\/td>\n0.4%<\/td>\n10.2%<\/td>\n<\/tr>\n
Combined<\/td>\n623,456<\/td>\n1.648<\/td>\n1.2%<\/td>\n13.9%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source: SQM Research<\/em><\/p>\n

Hobart Weekly Asking Prices Index<\/h3>\n\n\n\n\n\n\n\n
Property type<\/span><\/th>\nPrice ($)<\/th>\nWeekly Change<\/th>\nMonthly Change %<\/th>\nAnnual % change<\/th>\n<\/tr>\n<\/thead>\n
All Houses<\/td>\n845,974<\/td>\n-4.429<\/td>\n1.3%<\/td>\n7.2%<\/td>\n<\/tr>\n
All Units<\/td>\n504,673<\/td>\n1.227<\/td>\n1.0%<\/td>\n-4.4%<\/td>\n<\/tr>\n
Combined<\/td>\n794,043<\/td>\n-3.608<\/td>\n1.3%<\/td>\n5.9%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source: SQM Research<\/em><\/p>\n

National Weekly Asking Prices Index<\/h3>\n\n\n\n\n\n\n\n
Property type<\/span><\/th>\nPrice ($)<\/th>\nWeekly Change<\/th>\nMonthly Change %<\/th>\nAnnual % change<\/th>\n<\/tr>\n<\/thead>\n
All Houses<\/td>\n981,639<\/td>\n5.433<\/td>\n0.3%<\/td>\n6.9%<\/td>\n<\/tr>\n
All Units<\/td>\n582,652<\/td>\n-0.874<\/td>\n0.2%<\/td>\n8.0%<\/td>\n<\/tr>\n
Combined<\/td>\n895,434<\/td>\n4.016<\/td>\n0.3%<\/td>\n6.9%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source: SQM Research<\/em><\/p>\n

Capital City Average Weekly Asking Prices Index<\/h3>\n\n\n\n\n\n\n\n
Property type<\/span><\/th>\nPrice ($)<\/th>\nWeekly Change<\/th>\nMonthly Change %<\/th>\nAnnual % change<\/th>\n<\/tr>\n<\/thead>\n
All Houses<\/td>\n1,463,874<\/td>\n-0.913<\/td>\n0.8%<\/td>\n6.4%<\/td>\n<\/tr>\n
All Units<\/td>\n734,027<\/td>\n0.880<\/td>\n0.3%<\/td>\n8.7%<\/td>\n<\/tr>\n
Combined<\/td>\n1,246,760<\/td>\n-0.542<\/td>\n0.7%<\/td>\n6.6%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source: SQM Research<\/em><\/p>\n