Sydney unit prices declining, Melbourne apartments at peak, Alice Springs units at bottom of market: HTW property clock
The Melbourne apartment market is still at its peak, according to Herron Todd White’s latest report.
The property data firm says that it has not changed since last month’s report.
Melbourne is the only major capital city at its peak.
It is joined by Coffs Harbour, Gold Coast and Newcastle.
Sydney's market is beginning to decline.
Brisbane's unit market is in decline.
A two bedroom apartment at 7/106 Ascot Vale Road, Flemington (above) has been listed for $259,000.
A one bedroom apartment at 11/109 Heidelberg Road, Clifton Hill (below) has been listed for $339,500.
It last sold in 2007 for $307,500.
On the other hand Albury has now moved to a rising market.
Units in Bathurst, Orange and south west Western Australia are starting to recover.
Units in Alice Springs remains at the bottom of the market.
A one bedroom unit at 5/26 Palm Place, Alice Springs (below) has been listed for $159,000.
A two bedroom unit at 3/4 Caterpillar Court, Desert Springs (below) has been listed for $375,000.
Built in 1995 the 216 sqm property last sold for $185,000 in 2005.
