Brisbane retail hits market peak: HTW

Brisbane retail hits market peak: HTW
Brisbane retail hits market peak: HTW

Brisbane's retail market is at its peak, according to valuation firm Herron Todd White's July retail property clock.

It's a bounce back in fortunes for the Brisbane retail market. In their April clock, Herron Todd White said the Brisbane market was starting to decline.

"In the CBD, 300 George Street, Queens Wharf, the Howard Smith Wharves and the recently announced redevelopment of the Eagle Street Pier will dramatically reshape the landscape over the next five years," the report noted.

Adelaide, Darwin and Perth's retail markets are at the bottom of the market, while there's good signs for Sydney, Hobart, Canberra Melbourne. 

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Brisbane retail hits market peak: HTW

In April when HTW released its last retail clock, Dubbo's retail market was at its peak, where it also sat in December's clock.

There are pockets across New South Wales which are approaching the peak of market.

Last month the Smorgon family listed their retail holding at Queen Street Mall in the Brisbane CBD with $100 million hopes.

 

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.

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Retail Market Htw

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