Residential Clock
Residential Clock for Housing Markets. Image – supplied
  • It's boom time in all residential housing markets
  • It's the same story for units, but a mixed picture in retail
  • There are some places for bargains, and this could include retail

All residential property markets are now in the ‘rising-to-peaking’ sector of the cycle, according to the latest monthly report from Herron Todd White.

Six housing markets have already hit their peak, according to the analysis, whereas the rest are rising towards the top of the cycle.

The main image (above) shows the hot property markets for houses, and below, it’s a similar picture for units, except for Canberra, which has a falling unit market:

Units property clock
Image supplied


The property clock for commercial retail showed a more mixed picture, however:


Source: supplied

The report highlighted some areas within retail which were doing well:

  • Sydney – a good appetite exists for certain neighbourhood retail strip shopping investments;
  • Brisbane – limited listings have kept prices buoyant for neighbourhood centres;
  • Darwin – the city’s ‘Bali-alternative’ tourism appeal has boosted waterfront retail prospects.

Can retail property survive the lockdowns?

Retail property as an investment has proved surprisingly resilient, with prices holding
up across many asset types despite the ongoing trials, says the report.

Angeline Mann, Commercial Director of Herron Todd White Sydney, said her city’s latest lockdown is challenging, but previous experience suggests retail will rebound once doors reopen.

“Things certainly improved this year compared to last year. Just before this current lockdown, you couldn’t get a restaurant reservation in Sydney. Of course, it’s a very industry specific resilience. Cafés and restaurants bounced back well, but businesses
such as travel agents continue to struggle.”

Ms Mann said many operators learned valuable lessons in 2020 that are helping them weather this 2021 lockdown.

“I live in the inner-city and in the very first lockdown, all the restaurants closed straight away – and then it took them four weeks or so to work out how they could do click-and-collect or Uber Eats. In this most recent lockdown, they were all up and operating with deliveries within days.”


Before making any financial decisions, please do your own independent research, taking into account your own situation. This article does not purport to provide financial or taxation advice. See our Terms of Use.

You May Also Like

The million-dollar club – 8 Perth suburbs set to join the ranks

Perth’s rising star suburbs to keep an eye on.

Australian housing market upswing extends into the New Year

Positive price momentum rippled into 2024 as CoreLogic’s latest results show a rise in dwelling values.

Australian home values hit a new high in November, marking a V-shaped return to form

November marks a triumphant return for Australian home values, soaring to unprecedented heights, signaling a robust market rebound.

More properties are selling below estimated prices

Properties are selling below estimates in all states suggesting that buyer sentiment has declined