Dubbo at peak of retail market: HTW

Dubbo at peak of retail market: HTW
Dubbo at peak of retail market: HTW

Dubbo in regional New South Wales is the only region at the peak of the retail market, finds valuation firm Herron Todd White.

Sydney and Melbourne are offering strong retail markets, however Brisbane is starting to decline.

Dubbo currently has four retail properties up for sale, one the Jubilee Street Shops.

The three retail spaces which are available in one line are being marketed from $99,000.

One is currently tenanted

Click here to enlarge.

Dubbo at peak of retail market: HTW

 

 

Herron Todd White noted the strong Sydney market over the last year.

"The retail market in Sydney has seen substantial growth over the past 12 months as a result of increased demand for good investment assets, growth in rental income and generally lower vacancy rates," the report suggested.

They believe the next 12 months will follow the same trend.

Melbourne's retail market performed in similar fashion

Herron Todd White noted it was duo to limited quality stock available and strengthening purchaser demand.

Brisbane are declining after feeling the loss of major retailers departure.

"The recently announced massive headline loss by the Myer Group and the troubles surrounding the Retail Food Group have intensified the focus on the retail sector and it is generally perceived as having the highest risk profile of all principal asset classes," Herron Todd White said of the Brisbane retail market.

 

 

Joel Robinson

Joel Robinson

Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.

Tags: 
Commercial Retail Htw

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