Dubbo rises to the top of retail clock in December: HTW
Dubbo, the regional city in NSW, has sprung to the top of the retail property clock for December, according to valuation firm Herron Todd White latest report.
Meanwhile, Sydney has dropped a notch to a rising market position from the previous approaching the peak cycle in HTW’s retail property clock in September. Brisbane has also transitioned to a starting to decline position from its approaching the peak position in September.
At the bottom of the property cycle, Rockhampton joins Darwin and Perth. Others at the same position are Emerald, Townsville and Wide Bay.
“A rush to yield helped drive prices up in many commercial markets, but of course this only served to tighten returns over the long term,” said HTW in the report.
“Not every market was the same in 2017 of course – we’re a diverse country with opportunities galore across our wide, brown land,” it adds.