Investors advised Albury one of five regional NSW markets at bottom of property cycle: Herron Todd White

Albury is one of the five NSW regional housing markets still at the bottom of the property cycle, according to Herron Todd White’s latest monthly report.

The four other regional locations at the bottom of the cycle are – Central Coast, Tweed Coast, Wollongong and Coffs Harbour.

Wagga Wagga and Canberra/Queanbeyan are listed as the areas in a declining market.

Orange and Tamworth are both at the peak of their cycle for houses and units.

For units, Griffith is at the start of recovery as well as Newcastle.

The house and unit markets in Sydney were considered to be rising.

Stage of property cycles in regional NSW
Region Houses Units
Albury Bottom of market Bottom of market
Bathurst Rising market Rising market
Canberra/Queanbeyan Declining market Declining market
Central Coast Bottom of market Rising market
Dubbo Rising market Bottom of market
Griffith Start of recovery Start of recovery
Mudgee Rising market Rising market
Newcastle Start of recovery Start of recovery
Orange Peak of market Peak of market
Sydney Rising market Rising market
Tamworth Peak of market Peak of market
Tweed Coast Bottom of market Bottom of market
Wagga Wagga Declining market Declining market
Wollongong Bottom of market - rising market Bottom of market - rising market
Coffs Harbour Bottom of market Bottom of market

 

Source: Herron Todd White

Alistair Walsh

Alistair Walsh

Deutsche Welle online reporter

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