Four capital cities closing in on peak of retail market: HTW commercial clock
Australia’s top cities Sydney, Melbourne, Brisbane and Canberra are approaching the peak of market position in the retail market, according to property advisory firm Herron Todd White’s latest commercial property clock.
However, the peak of the market position continues to be empty.
The approaching the peak cycle slots are completed by the Gold Coast and Coffs Harbour, though Newcastle has dropped a notch to 'rising market' from the last time in June when the retail market was tracked.
Perth remains at the bottom of the market, along with another capital city, Darwin, which is the new entrant to the group. Darwin slid two notches from being a declining market in June.
The other joiners are Emerald and Gladstone.
Adelaide is now at the start of recovery, same as Cairns.
Retail property markets are influenced by a variety of factors from economy to technology, though the performance of retail property investments can be distilled down to a very important measure – rents, say HTW.
Tenant success has a direct impact for landlords and wading through the nuances of retail rents can be a challenge.
