Just got this thru on the email from API e-newsletter. Would love to know what the Forum thinks especially about the list of cities/areas already at their peak...???
"Mixed fortunes for Australian markets
Housing markets around Australia finished 2007 at wildly varying stages of the property cycle, according to property advisors Herron Todd White.
Herron Todd White (HTW) research director Rick Carr says parts of the Sydney market saw a dramatic slowdown in 2007.
“However, Sydney has now passed through the bottom of the cycle and some areas, notably the northern and eastern suburbs, are back in rising territory,” Carr says.
Melbourne’s inner-city suburbs showed very strong growth during 2007 while the outer suburbs struggled with stable prices or marginal increases, he adds.
HTW’s Residential Property Clock places locations around the nation on a clock face depending on where they sit in the property cycle.
Among its listings are:
Bottom of market: Bendigo; Newcastle; Sydney west
Starting to rise: Ballarat; Gold Coast; Sydney south; Toowoomba; Warrnambool
Rising market: Adelaide; Brisbane; Bundaberg; Gippsland; Gladstone; NSW north coast; Port Augusta; Sunshine Coast; Sydney east; Sydney north; Townsville; Wagga Wagga.
Approaching peak of market: Cairns; Hervey Bay
Peak of market: Albury/Wodonga; Burnie/Devonport; Busselton; Canberra; Darwin; Geelong; Hobart; Launceston; Mackay; Melbourne; Nowra/Bega; Riverland SA; Rockhampton; Wollongong
Starting to decline: Geraldton; Mandurah; Perth
Declining market: Bunbury
"Mixed fortunes for Australian markets
Housing markets around Australia finished 2007 at wildly varying stages of the property cycle, according to property advisors Herron Todd White.
Herron Todd White (HTW) research director Rick Carr says parts of the Sydney market saw a dramatic slowdown in 2007.
“However, Sydney has now passed through the bottom of the cycle and some areas, notably the northern and eastern suburbs, are back in rising territory,” Carr says.
Melbourne’s inner-city suburbs showed very strong growth during 2007 while the outer suburbs struggled with stable prices or marginal increases, he adds.
HTW’s Residential Property Clock places locations around the nation on a clock face depending on where they sit in the property cycle.
Among its listings are:
Bottom of market: Bendigo; Newcastle; Sydney west
Starting to rise: Ballarat; Gold Coast; Sydney south; Toowoomba; Warrnambool
Rising market: Adelaide; Brisbane; Bundaberg; Gippsland; Gladstone; NSW north coast; Port Augusta; Sunshine Coast; Sydney east; Sydney north; Townsville; Wagga Wagga.
Approaching peak of market: Cairns; Hervey Bay
Peak of market: Albury/Wodonga; Burnie/Devonport; Busselton; Canberra; Darwin; Geelong; Hobart; Launceston; Mackay; Melbourne; Nowra/Bega; Riverland SA; Rockhampton; Wollongong
Starting to decline: Geraldton; Mandurah; Perth
Declining market: Bunbury