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