Sydney units a balanced market, Brisbane, Melbourne in oversupply: HTW

Sydney units a balanced market, Brisbane, Melbourne in oversupply: HTW
Sydney units a balanced market, Brisbane, Melbourne in oversupply: HTW

Sydney is at the starting to decline property cycle for units, but its rental vacancy situation indicates a balanced market, in contrast to Melbourne, Brisbane, Canberra, Perth and Darwin which are facing oversupply, according to valuation firm Herron Todd White's May 2016 capital city market indicators for units.

Rental vacancies show an increasing trend in most capitals barring Canberra where it was tightening, according to HTW.

Canberra also stands out when it comes to new properties being sold at prices exceeding their potential resale value, which happens very frequently in the capital city, in contrast to the occasional such sales in Sydney, Melbourne and Brisbane.   

Interestingly, the trend in unit construction in Melbourne is 'steady' in spite of the oversupply and the volume of unit sales tilting towards a decline. 

 

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Sydney units a balanced market, Brisbane, Melbourne in oversupply: HTW

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Units Residential Market

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