Perth at peak, Melbourne at bottom of property cycle: Herron Todd White

The Perth property market is at the peak of its property cycle with house sales declining, according to Herron Todd White’s latest report.

And unit sales are still increasing but the rental vacancy for units is now steady, compared to a severe shortage for Perth houses.

In Sydney new unit sales are now frequently selling for above their potential resale value, though demand for new units and the volume of unit sales have dropped down slightly.

And there is now a shortage of rental houses compared to demand in Sydney.

In Melbourne, Herron Todd White’s assessment remains the same as last month – it’s at the bottom of the property cycle at the start of recovery, though new units are frequently selling for above their potential resale value.