Canberra joins Sydney unit market in starting to decline phase: HTW property clock
The Sydney unit market continues to be in decline, according to the valuation firm Herron Todd White.
Their starting to decline category sees Canberra, South East NSW and Bendigo join the major capital.
Brisbane and Perth remain in the declining market where they were in February's apartment clock.
South East New South Wales were at the peak of the market last month, but are now seeing declines.
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The dominant regions at the peak of the market again are north of Sydney, the likes of Newcastle and the Central Coast performing strongly.
Herron Todd White suggest Melbourne and Gold Coast units are still at the peak of the market, while rural areas in Queensland dominate the bottom of the market.
There are some areas on the Queensland coast that are still in the market recovery, such as Townsville and Hervey Bay.
Tasmanian suburbs are apparent in the still rising market.
