Industrial property oversupply across capital cities – except Sydney: HTW
There is an oversupply of industrial properties in all capital cities except Sydney, according to Herron Todd White’s (HTW) latest monthly market report.
The property advisory firm says that the volume of property sales remains at a steady pace, with the exception of Perth and Darwin, which are declining.
The Sydney industrial market was rising and supply cannot keep up with the demand, the latest report said.
The value difference between quality properties with national tenants and comparable properties with local tenants alter between significant and large across NSW's markets.
This is in conjunction with a number of cities such as Sydney, Melbourne and Brisbane where the property cycle is either approaching the peak or rising once again.
In contrast both Perth and Darwin are approaching the bottom of the property market cycle, while Canberra is in the process of recovering once again, the report noted.