Sydney housing market reaches peak while Perth hits bottom: HTW property clock

Sydney housing market reaches peak while Perth hits bottom: HTW property clock
Sydney housing market reaches peak while Perth hits bottom: HTW property clock

Sydney housing market is at its peak, according to Herron Todd White’s latest property clock.

But the "frenzied" house buying is fading, according to analysis by valuers' Herron Todd White.

Regulatory pressure on lenders to encourage lower risk principal and interest loans plus larger deposits are also increasing encouraging owner-occupiers back into a market that has been dominated by investors, it noted.  

Sydney is joined by Coffs Harbour, Newcastle and NSW Central Coast at the peak of the market.

"Buyers in these markets are increasingly being drawn towards low maintenance living within close proximity of schools, public transport and other services," it concludes.

While the home buying frenzy has flattened, Melbourne's market has more room for growth, according to the analysis.

Perth, Darwin, Alice Springs and Mackay are at the bottom of the market. 

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Sydney housing market reaches peak while Perth hits bottom: HTW property clock

Perth’s housing market continues to decline with it now at the bottom of the market moving from approaching the bottom last month.

Millers Point has been a strong Sydney market. A three bedroom house at 30 Kent Street, Millers Point (above) has been listed for between $2.5 million to $2.7 million.

A four bedroom house at 33 Ruth Street, Perth (below) has been listed for over $840,000.

Sydney housing market reaches peak while Perth hits bottom: HTW property clock

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Housing Market Htw

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