Canberra apartments join Brisbane and Melbourne at market peak: HTW property clock
Canberra apartments have joined the other capitals, Brisbane and Melbourne at a market peak, according to the latest HTW property clock.
The valuation firm Herron Todd White has issued its latest property clock for apartments - a simple broad brush means to suggest where property markets are as at February 2016 - and what direction prices are moving in.
The valuation firm has included capital and select regional cities on the property clock for apartments price direction.
The Canberra residential unit market presents its own unique concerns, according to HTW.
The threat of oversaturation is a very real one and continues to be observed in several market segments including the Flemington Road corridor in Gungahlin and the Belconnen Town Centre.
HTW anticipate 2016 will be a year of flat growth with demand shifting further away from the unit market in most segments and towards new detached houses.
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