The latest data shows that the Australian property market has seen a surge in property listings at the beginning of the new year, especially in the two major cities of Sydney and Melbourne. According to the PropTrack listing report, property listings on the realestate.com.au website increased by 12% year-on-year in January, reflecting an improvement in market conditions compared to the same period last year.

The property markets in Sydney and Melbourne have been particularly noteworthy, with new listings increasing by 27.7% and 27.8% respectively year-on-year. Behind this growth is strong demand, low unemployment rates, sustained population growth, and tight conditions in the rental market. In addition, a stable outlook for interest rates has also supported the activity in the real estate market.

With the Reserve Bank of Australia maintaining interest rates at 4.35%, there is a widespread expectation that rate cuts may occur this year. This news has further boosted confidence among homebuyers, providing them with more options amid the increase in property listings. Overall, the increase in new property listings has brought the total listings in some major cities to a more "normal" level, offering buyers more opportunities.

In addition to Sydney and Melbourne, regions like Canberra and Hobart have also experienced a trend of increased property listings. Reports indicate that new property listings in Canberra increased by 13.2% in January, reaching a historical high. The total inventory in these cities is at a relatively reasonable level, signaling optimism for local buyers and sellers.

However, not all cities are benefiting from this growth. Cities like Brisbane, Adelaide, and Perth have not seen significant increases in property listings and have even experienced declines. The total number of properties listed for sale in these three cities remains below the average level of the past decade, indicating that these markets still face certain challenges.