Three capital cities at the bottom of the retail market: HTW Property Clock

Three capital cities at the bottom of the retail market: HTW Property Clock
Staff reporterFebruary 11, 2019

Three of the eight capital cities are now at the bottom of the retail market, with Darwin now joining Adelaide and Perth, according to valuation firm Herron Todd White's (HTW) latest retail property clock.

Brisbane remains the strongest capital city market for retail, retaining its peak of market position.

It has been joined this month by Dubbo and the Gold Coast

Melbourne, Newcastle and Coffs Harbour have all moved into the beginning of a retail market decline, while Sydney is approaching the peak of the market.

Click to enlarge.

There's not great news for Canberra, which is now in a declining market, joining Alice Springs, Echuca and Gippsland.

Hobart's retail market is still nearing the bottom of the market, as is the Adelaide Hills, Barossa Valley, South West WA and the Iron Triangle region.

Retail space in Sydney continues to approach market peak.

Ballarat, Bendigo, Launceston, Burnie-Devonport, the Mid North Coast and the Sunshine coast are all classified as rising markets.

Editor's Picks

First look exclusive: Polycell files Sandpiper redevelopment plans after owner buyout
Inside Melbourne's new nature-based neighbourhoods
First look: Stockwell files for new Vulture Street, West End apartment tower
From Broadbeach to Main Beach: Why local downsizers are making the move to Drew Group’s Lagoon Main Beach
SMA Projects makes downsizing easier at The Regent Fitzroy with ‘Settle When You've Sold’ initiative