Melbourne house prices starting to decline: HTW Property Clock
Joel RobinsonDecember 8, 2020
Melbourne's house values have started to decline, according to valuation firm Herron Todd White (HTW).
HTW's September Property Clock had houses in the Victorian capital at the peak of the market.
They've joined the now underperforming Central Coast, South East NSW and Gold Coast, where, after a successful year, have been declining for the last few months.
Illawarra and Sydney remain pegged as declining markets.
The only other moving markets were in rural areas.
Houses in Emerald, in the Central Highlands region of Queensland, are starting to recover, along with a number of Queensland localities.
Albury, in Southern New South Wales, is seeing its house values begin to rise, while South West WA has bottomed out.
Joel Robinson
Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.