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Australia is a BIG country with many markets at different stages of the property cycle. Below is how Herron Todd White is reporting each capital city in May. 

Sydney: 

  • Houses: Rising market 
  • Units: Rising market 

Melbourne: 

  • Houses: Rising market 
  • Units: Peak of market 

Brisbane: 

  • Houses: Start of recovery 
  • Units: Declining market 

Hobart

  • Houses: Rising market 
  • Units: Rising market 

Canberra

  • Houses: Rising market 
  • Units: Declining market 

Adelaide:

  • Houses: Rising market 
  • Units: Bottom of market 

Darwin: 

  • Houses: Bottom of market 
  • Units: Bottom of market 

Perth: 

  • Houses: Approaching bottom of market 
  • Units: Declining market 

The property cycle generally takes around 7 to 10 years and ideally, one full cycle will see the price of property double (given other key investment criteria is met). 

Milk Chocolate was founded seven years ago by Richie Ragel and Michael Cleary, to purchase residential and commercial property in Australia on behalf of our clients, looking for a home or investment property. To see how we can help you get in touch here

Thanks, Michael 

Sources: Herron Todd White 

Herron Todd White report the stages as: Peak of market/starting to decline/declining market/approaching bottom of market/bottom of the market/start of recovery/rising market/approaching peak of market/peak of the market. 

#onthehunt #milkchocproperty #propertyconcierge

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