Three capital cities at the bottom of the retail market: HTW Property Clock

Three of the eight capital cities are now at the bottom of the retail market, with Darwin now joining Adelaide and Perth, according to valuation firm Herron Todd White's (HTW) latest retail property clock.

Brisbane remains the strongest capital city market for retail, retaining its peak of market position.

It has been joined this month by Dubbo and the Gold Coast. 

Melbourne, Newcastle and Coffs Harbour have all moved into the beginning of a retail market decline, while Sydney is approaching the peak of the market.

Click to enlarge.

There's not great news for Canberra, which is now in a declining market, joining Alice Springs, Echuca and Gippsland.

Hobart's retail market is still nearing the bottom of the market, as is the Adelaide Hills, Barossa Valley, South West WA and the Iron Triangle region.

Retail space in Sydney continues to approach market peak.

Ballarat, Bendigo, Launceston, Burnie-Devonport, the Mid North Coast and the Sunshine coast are all classified as rising markets.