Hot Sydney takes a breather, with house prices in decline: HTW December 2017 property clock

Hot Sydney takes a breather, with house prices in decline: HTW December 2017 property clock
Staff ReporterDecember 7, 2020

None of the capital cities are at the peak of the housing market cycle, according to property valuation firm Herron Todd White’s December Month in Review.

“2017 was the year some of our hottest markets decided it was time to take a breather,” according to HTW’s report.

Sydney remains at the start of decline on the property clock, like November. Same for Melbourne, which remains at approaching the peak of market position.

Brisbane has risen one notch from start of recovery and joins the other capital cites of Adelaide, Hobart and Canberra at the rising market position.

Meanwhile, Perth has slipped one notch to reach the bottom of market cycle, joining Darwin, which is the only other capital city at the bottom.

Click to enlarge

 

However, HTW writes that there were "those sectors that continued to lay dormant while a few even outdid expectations”.

Editor's Picks

First look exclusive: Polycell set sites on new Broadbeach apartment development
Surry Hills Village penthouse sells for suburb record
Mirvac sell out first stage of Harbourside Residences as sales reach $25 million
Rare two-level apartment on offer in the Gold Coast's premier suburb
Why Melbourne's inner west has become one of the most popular regions for new townhouses