Some NSW regions facing industrial property oversupply: HTW

The industrial market in NSW for the most part is a balanced market, according to Herron Todd White’s (HTW) latest monthly market report.

However, the property advisory firm says that there are some areas such as Albury, Orange and Newcastle that are reporting an oversupply of industrial properties compared to demands.

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Many of the areas of NSW's industrial market are starting to recover, with Albury, Wagga Wagga and South East NSW reporting that their industrial markets are now at the bottom.

The local economic situation remains unchanged with most cities reporting little change in their situation, except for Tamworth and the Central Coast regions which are experiencing a steady growth in their local economies.