Melbourne and Gold Coast industrial property markets peaking: HTW Industrial Clock
There have been numerous major shifts in Australia's industrial property markets in the past month, according to valuation firm Herron Todd White's (HTW) latest industrial property clock.
Five industrial markets joined Coffs Harbour at the peak of market position on the HTW property clock, including Melbourne and the Gold Coast.
There was also movement in the approaching peak of market category as Brisbane, Geelong and Illawarra joined Sydney and the Sunshine Coast among others.
As a result of the past month six of the eight capital cities hold a positive position in their industrial property market.
Hobart and Echuca held steady in the rising market position while numerous area's including Canberra, Adelaide, Ipswich and Mildura moved into the start of recovery slot.
They joined Horsham and Mackay.
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The Central Coast remained in the starting to decline position on the HTW Industrial Property Clock this month.
Newcastle and orange have now been identified as declining markets, while Gladstone,Toowoomba and South West WA slid into the approaching bottom of market slot.
Darwin and Perth joined Cairns, Rockhampton and Townsville at the bottom of the market.
In their latest report, HTW valuers said: "While industrial property is often seen as the gateway to commercial investing, it’s still a sector filled with major sales and leasing transactions that help drive and direct the market."
