Four capital cities nearing peak of retail market: HTW commercial clock

In Australia’s retail market, there is none at the top of the market, though quite a few are approaching the peak, according to valuation firm Herron Todd White’s property clock.

According to the latest update, four capital cities: Melbourne, Sydney, Brisbane and Canberra, are approaching the peak of the market. The rest is made up of Coffs Harbour, Gold Coast and Newcastle.

Meanwhile, the biggest list is for the rising market position. Hobart is the only capital city in the list.

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The other major cities, Adelaide and Perth, are approaching the bottom of market while Darwin is a declining market, the clock shows.

The bottom is made up of Gladstone, Townsville and Wide Bay.