Where are property values rising and falling?

1 minute read

Where are property values rising and falling?

by Cameron Micallef 05 February 2020 1 minute read

Following a year of two halves for property, some investor markets are tipped to show strong signs of recovery, while some investors are in for a little more pain, according to a new report.

February 05, 2020

The new Month in Review report from Herron Todd White revealed the cities and regions tipped to grow and the markets that are on the decline.

The report revealed that Canberra and the SunshineSunshine, NSW Sunshine, VIC Coast, Albury, Bathurst, Dubbo and Tamworth are the six markets that are reaching their peak, while a hot Hobart market is still on the rise.

The major east coast markets of Sydney, Melbourne and Brisbane are all in the start of a recovery, following two years of decline, the report noted.

Three of Australia’s capitals – Adelaide, Darwin and PerthPerth, TAS Perth, WA – are tipped to bottom out.

The report found that the Central Coast and Wodonga are at the start of a decline, while the mining town of Kalgoorlie is in decline.

Expected unit values were similar with Albury, Bathurst, Sunshine Coast, Tamworth and Wodonga predicted to have reached their peak.

Sydney, Adelaide, Brisbane and Dawin are all at the bottom of the apartment market, while Canberra and Perth unit prices are starting to decline.

Melbourne unit prices are starting to recover, while Hobart is the only major city that currently has rising unit prices, Herron White Todd said. 

The Central Coast is also showing signs of starting to decline for unit values, while Canberra, Kalgoorlie and the Southern Tableands are all declining.

Where are property values rising and falling?
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About the author

Cameron Micallef

Cameron is a journalist for Momentum Media's nestegg and Smart Property Investment. He enjoys giving Aussies practical financial tips and tricks to help grow their wealth and achieve financial independence. As a self-confessed finance nerd, Cameron enjoys chatting with industry experts and commentators to leverage their insights to grow your... Read more

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