No region at peak of office market, but several approaching the top: HTW April clock

The office property market in April has none at the peak of market, implying the top of the commercial property clock by valuation firm Herron Todd White is empty.

But several regions/cities are approaching the peak of the market, namely Coffs Harbour (above), Gold Coast, NSW Far North Coast and Newcastle, which joined Melbourne at the position.

Apart from that, there wasn’t much movement in the rest of the property clock, according to HTW’s latest update. Sydney remains a rising market, while Perth is approaching the bottom.

While the top of market is empty, there are quite a few places at the bottom of market position, including three capital cities — Adelaide, Darwin and Hobart.  The new entrant to the list of 9 is Wide Bay.

Click to enlarge

Click to enlarge