Herron Todd White have released their April property clock, and there has been little movement in the residential sector.
Broome and Canberra were the only locations to change their position on the clock in terms of residential housing values, with both regions moving to ‘rising market’.
There were also few changes to the property clock for the residential unit market last month, with the biggest shift being Canberra moving to a declining market.
oowoomba units shifted to ‘start of recovery’ and Emerald is now classified as a ‘rising market’.
The residential property clock
Top of the clock:
Houses – Albury, Bathurst, Burnie/Devonport, Dubbo, Launceston, and Tamworth’s housing values all remain at the peak of the market.
Units – The best-performing unit markets include five of the same locations that featured at the top for houses: Albury, Bathurst, Burnie/Devonport, Launceston, and Tamworth.
Starting to decline
Houses – Wodonga
Units – Wodonga
Declining market
Canberra’s unit market was the only area classified as in decline.
Approaching bottom of the market
No areas
Bottom of the market
Houses – Albany, Geraldton, and Kalgoorlie remain at the bottom of the market.
Units – Albany, Geraldton, and Kalgoorlie all make another appearance for units, along with Sydney and the Whitsunday region.
Start of recovery
Houses – Alice Springs, Bundaberg, and Darwin’s housing markets were all classified as being at the start of their recovery.
Units – Alice Springs, Brisbane, Bundaberg, Cairns, Canberra, Darwin, Emerald, Ipswich, Melbourne, Perth, South West WA, Toowoomba, and Townsville’s unit markets are also starting to recover.
Rising market
Houses – Once again, it’s a crowded field on the rising market end of the clock, with Adelaide, Adelaide Hills, Ballina/Byron Bay, Barossa Valley, Brisbane, Broome, Cairns, Canberra, Central Coast, Coffs Harbour, Emerald, Gladstone, Gold Coast, Hervey Bay, Hobart, Illawarra, Ipswich, Karratha, Lismore, Mackay, Melbourne, Mildura, Mount Gambier, Newcastle, Perth, Port Hedland, Rockhampton, Shepparton, South West WA, Southern Highlands, Sunshine Coast, Sydney, Toowoomba, Townsville, and Whitsunday housing markets all on the rise.
Units – Adelaide, Adelaide Hills, Ballina/Byron Bay, Barossa Valley, Broome, Coffs Harbour, Dubbo, Gladstone, Gold Coast, Hervey Bay, Hobart, Illawarra, Karratha, Lismore, Mackay, Mildura, Mt Gambier, Newcastle, Port Hedland, Rockhampton, Shepparton, Southern Highlands, and the Sunshine Coast’s unit markets were all classified as rising.
Approaching peak of the market
Geelong was the only location classed as approaching the peak of the market for both houses and units.
Article Source: eliteagent.com
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