Sydney units start to approach the bottom: HTW

Sydney units are starting to approach the bottom of the market after spending 12 months in decline, according to Herron Todd White (HTW).

Apartments started to decline in June last year and became a declining market a month later, the valuation firm said.

To enlarge Herron Todd White's national property clock for units, click here.

The Illawarra market, which has closely tracked the decline in Sydney over houses and units, is also approaching the bottom, along with the Southern Highlands south-west of Sydney.

The Melbourne unit has officially hit the bottom, the valuation firm believe.

Mackay has too hit the bottom of the market, but will be looking fellow mining town Emerald in Queensland which is now starting to see a recovery in its apartment market.