Melbourne office market remains at peak: HTW Commercial Property Clock

Melbourne office market remains at peak: HTW Commercial Property Clock
Melbourne office market remains at peak: HTW Commercial Property Clock

Melbourne has has remained in the peak of market position on the HTW commercial office property clock for March, according to valuation firm Herron Todd White latest report.

Meanwhile, Lismore and Coffs Harbour have dropped a notch to a starting to decline market position. Echuca has dropped a notch further as well reaching the declining market position.

Toowoomba and Gladstone however have transitioned to a bottom of the market position. They are joining Darwin, Perth, Brisbane and Hobart

Others the bottom of the property cycle include, Cairns, Townsville, Mackay, Launceston, Rockhampton and Wide Bay

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Melbourne office market remains at peak: HTW Commercial Property Clock

Canberra and Adelaide remain in the start of recovery position, alongside Mildura and the Central Coast. 

Ballarat and the Sunshine Coast hold steady as rising markets, while Sydney, Newcastle and the Mid North Coast are a notch above in the approaching peak of market position.

The HTW report authors aid, "The office property sector is an excellent measure of a region’s overall economic health."

"With heightened fiscal activity comes increased demand from businesses keen to take on floor space."

"This month, our team is looking forward and forming opinions on how our country’s various office markets will track throughout 2019."

"While there are plenty of unknowns yet to come this year, the submissions from our valuers provide a brilliant baseline against which you can judge the year’s progress," They concluded

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Melbourne Office

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