Melbourne apartments at market peak: HTW property clock
Apartments in Melbourne, Dubbo, the NSW Central Coast, Newcastle and the Gold Coast are at the peak of the market cycle according to analyst firm Herron Todd White's property clock for units in October.
Apartments in Dubbo, the NSW Central Coast, Melbourne and the Gold Coast were at the peak of the market cycle for September.
In June HTW reported the apartment market for central Melbourne had started to soften during the first part of 2016.
The continued Melbourne peak clock placement comes despite the high level of losses especially across the Melbourne metropolitan council region.
The highest proportion of loss making resales over the quarter have been locaed in the inner city Melbourne CBD (19.2%), Murrindindi (12.5%) and Stonnington (10.7%), according to the latest CoreLogic Pain and Gain report.
Over the year the median Melbourne apartment resale loss moved from $28,125 to $39,950 in the latest quarter.
Some 9.3% of Melbourne units resold at a loss over the June 2016 quarter.