Emerald property prices have reached the bottom: HTW
Jonathan ChancellorDecember 7, 2020
The residential property market in the Central Highlands incorporating the major towns of Blackwater, Emerald, Capella, Clermont, Dysart and Moranbah appears to have reached the bottom in most areas and are levelling for the time being.
The Herron Todd White valuation firm suggest if employment demand in the resource sector picks up again "history shows property values follow closely behind."
The residential property market in the Central Highlands is driven by employment demand in the local resource sector.
"Since 2012 the resource sector has gone though significant changes as coal prices continued to decline over the past four years.
"Interestingly enough, the coal price has increased slightly in the past two months," the HTW report advised.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.