The home at 183 Zuccoli Pde, Zuccoli, is newly listed with a price guide of $800,000. Picture: realestate.com.au
Darwin homebuyers are faced with a continually shrinking pool of choice as listing numbers plummet to what one property expert is calling a decade low.
The latest REA Group Listings Report revealed an 18.8 per cent jump in new Darwin listings on realestate.com.au in July.
However, new listings were down 9.9 per cent compared to July 2024.
The total number of Darwin homes for sale on the real estate platform dipped 3.5 per cent month-on-month in July, and decreased a whopping 40.7 per cent year-on-year.
Darren Hunt of Real Estate Central Projects said high demand and off-market sales were responsible for the dearth in residential property advertised for sale.
“This is the lightest amount of listings we’ve seen in 10 years,” he said.
“Listings wise, we’d generally have 1300 to 1400 properties advertised, but as of (Monday) there were about 630, of which a significant amount were under contract or under offer.”
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Darren Hunt of Real Estate Central Projects. Picture: Supplied
Mr Hunt said while listings were lacking, market activity was not, with investors pushing up demand and sales.
“Of every 10 homes that are sold at the moment, six of those are being bought by interstate buyers who see exceptional value in the Darwin property market,” he said.
“There is a significant amount of properties that have been sold off market and don’t even get onto the real estate portals.
“They’re been transacted privately with just the agent and buyer and, in some cases, the buyer’s agent, also.”
The PropTrack Home Price Index released earlier this month showed Darwin home prices hit a new peak in July, up 6.6 per cent annually to a median of $531,000.
The median house price hit $604,000 and the median unit price was $410,000.
Mr Hunt said with prices, demand and activity up, a new chapter had begun in the Darwin property market.
“The demons from the Inpex period of 11 to 12 years ago have been exorcised,” he said.
“Prices for most dwellings are back to the values of 2014, which was peak market, with the exception of CBD units, they are still lagging.”
The home at 32 Curlew Cct, Wulagi, is newly listed with a price guide of $690,000. Picture: realestate.com.au
The REA Group Listings Report showed in regional NT, new listings were up 20 per cent month-on-month and 27.3 per cent year-on-year.
Despite this, total stock on the market in regional NT was only 0.1 per cent higher last month and dropped 3 per cent compared to July 2024.
Angus Moore, REA Group senior economist and report author, said nationally, new listing were down 8 per cent between July 2024 and July 2025, with broadly consistent declines in metro and regional markets.
“New listings were lower in all capital cities relative to the prior year, with Melbourne down 9 per cent and Sydney 5 per cent lower,” he said.
“Despite the year-on-year declines, listings increased 3 per cent from June to July, which was in contrast to typical seasonality that sees July the quietest month of winter.
“The supply of stock on market was down compared to last year, with 5 per cent fewer properties listed for sale.”
Total listing numbers were up annually in Canberra (+1.1%), Sydney (+2.2%), Adelaide (+5.1%) and Perth (+6.6%), but down in Melbourne (-10.5%), Hobart (-10.3%) and Brisbane (-7.5%).
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