Sunshine Coast's office market reaches peak of market: HTW June Office Clock

Sunshine Coast's office market reaches peak of market: HTW June Office Clock
Sunshine Coast's office market reaches peak of market: HTW June Office Clock

The Sunshine Coast has reached the peak of market position on the HTW commercial office property clock for June, according to valuation firm Herron Todd White latest report.

HTW also stated that both Melbourne and South East NSW both remained in the peak position.

Meanwhile the Mid North Coast dropped a notch to the starting to decline market position, joining Gold Coast, Lismore and Coffs Harbour.

Echuca and Alice Springs have remained unmoved in the declining market position. While South West WA remains near the bottom of the market.

Three capital cities remained in a bottom of the market position, Darwin, Perth and Hobart.

They are joined by Cairns, Gladstone, Launceston, Mackay Rockhampton and Townsville.

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Sunshine Coast's office market reaches peak of market: HTW June Office Clock

Emerald and Toowoomba have joined Adelaide and Mildura in the start of recovery position.

Ballarat held steady as a rising market while Sydney, Brisbane and Geelong are a notch above in the approaching peak of market position.

The HTW report authors said, "Commercial real estate had mixed results across the country in the past six months, but among the options for buying in this sector, office holdings are considered one of the safer choices."

"That said, not all office markets are the same."

"This month’s submissions paint a picture of varying performance so far this year," they concluded

Tags: 
Sunshine Coast Office Market

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