Bundaberg at bottom of the property market: HTW

Bundaberg at bottom of the property market: HTW
Bundaberg at bottom of the property market: HTW

New houses in Queensland are only occasionally sold at prices exceeding their potential resale value, according to Herron Todd White’s latest monthly market report.

The property advisory firm says that the majority of cities in Queensland are either at the bottom, or about to reach the bottom, of the market or vice versa.

This can be seen in the rental vacancy situation for Queensland where there is a mixture of over-supply of houses and a balanced market, however it could also be because the demand for new houses have softened.

Click to enlarge

Bundaberg at bottom of the property market: HTW

Demands for new units alternate between soft and fair indicating that investors do not wish to purchase a unit at this time.

However the above graph indicates that the property cycle of units in Queensland are approaching the bottom of the market, which could see them decline for the time being until they recover.

Much like houses units are occasionally sold at prices exceeding their potential resale value.

Click to enlarge

Bundaberg at bottom of the property market: HTW

Tags: 
Queensland Htw

Comments

Be the first one to comment on this article
What would you like to say about this project?