Brisbane has dropped almost 12% in the number of listing of residential property from July 2011 to July 2012. This reduction is supply is positive news for property investors and could be the first signs of the Brisbane property market solidifying and gaining strength.
Melbourne conversely showed an increase in listings with an almost 5% increase. This can be seen on closer inspection of the market with an oversupply in some of Melbourne’s outlying suburbs. These areas have also showed falling rental yields.
