NSW Central Coast, the lone wolf at the retail market peak: HTW property clock August 2016
NSW Central Coast sits at the peak of market position on property valuation firm Herron Todd White’s retail clock for August 2016, which also discusses the year-to-date’s top transactions as retail property continues to be popular with investors because of the attractive yields.
The property clock is a simple broad brush means to indicate where property markets are headed.
Roll back to May, when the previous retail clock was ticking, and one notices that Horsham and South East NSW were also at the top along with NSW Central Coast. South East NSW has gone back two ticks to a rising market since, while Horsham has dropped out completely!
Approaching the peak of market in August are the cities of Melbourne, Brisbane, Gold Coast and Newcastle. Melbourne is the new entrant here, while Sydney remains at the rising market position.
The bottom of the market includes Hobart, Launceston, Lismore, Townsville and Wide Bay Area. Lismore is the new entrant here.