Alice Springs' unit market approaching the bottom: HTW

Alice Springs is approaching the bottom of the unit market, according to Herron Todd White’s (HTW) latest market report.

The property advisory firm says that new properties sold almost never exceed their potential resale value.

There is very soft demand for new units in the city, which coincides with a declining number of units being sold as well as a declining trend in new unit constructions.

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The rental vacancy trend is increasing, which coincides with a large oversupply of available properties relative to demand.

The only other region in SA, NT or WA with a very soft demand for new units is Darwin.