The revaluation of the Australian residential property market should not be considered as a dramatic move as it has not been coupled with a drop in employment numbers, according to a global bank.

National property sales listings fell by 6.3 per cent in April to 332,236 from 354,459 in March.

The Labor Party’s negative gearing policy will result in a rise in housing rents and a fall in prices, according to SQM Research.

Residential property listings bounced back in February across most capital cities according to SQM Research.

Research figures have shown residential property listings did not experience their usual substantial dip in January.