- March 11, 2013
- Posted by: Rogers Property Group
- Category: Latest News
The Sydney property market is showing signs of strength according to property investment advisor SQM. According to their February figures, there has been a 13.3% drop in the number of property listing in the Sydney market over the past year. Exact figures are quoted as 29,810 properties listed in Sydney this time last year and that figure has been dropped to 25,857. For those wondering how to get started in property investment, good advice is to look for a reduction in supply. Conversely, the Melbourne market is struggling and this is reflected in the increase in properties coming onto the market, with the number of listings rising 5.3%.
Apart from Sydney, strong declines in stock were also seen in other states as well Perth (-3.8%) and Adelaide (-3.2%) and Brisbane (-2%) which is is a good indicator for those wondering how to get started in property investment.