Tamworth unit market starts to approach the peak: HTW Clock

Three locations have climbed to the peak of the market cycle for units, according to property valuation firm Herron Todd White (HTW).

The valuation firm's national property clock for August finds unit markets in Albury, Sunshine Coast, and Wodonga are now at the peak of the market, joining Bathurst which has sat at the peak for the last two months.

It's been a quick rise for Albury and the Sunshine Coast.

In back to back months they've climbed quickly through the cycle, from rising market in June to approaching the peak of the market in July.

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Tamworth joined Hobart at the approaching peak of the unit market. 

Apartments in the South West of Western Australia were not as far through their declining cycle as HTW had previously suggested.

They moved from approaching the bottom of the market to in a declining market, suggesting there is still some way to go in the decline.

One example of a unit listed in Tamworth is 1/33 Murray Street (pictured above).

The two bedroom one bathroom unit is listed for $225,000 more than 10% higher than the median price for a unit in Tamworth, $194,811.

Another example of a unit exceeding the median sale price in Tamworth is Lot 41/337 Armidale Road (pictured above).

The three bedroom, two bathroom apartment sold for $273,000 in March 2019.