Property Valuers Herron Todd White regularly update their “property clock”, which is a very effective way of showing where the property market is at. Currently, Brisbane is at 9pm which means we have a rising market, and there is still some way to go before the peak.
Sydney and Canberra are showing at 2am, which is past the peak, Perth is well past at 3am, and Melbourne is at midnight, right on the peak. For Brisbane home owners, this means there is still room to achieve more capital gains, and is a good time to buy, as buyers will be able to benefit from the further growth ahead. HTW has predicted Brisbane will have a modest year of growth, with reasonable gains across most markets.
To download a copy of the full HTW report, go to: http://www.htw.com.au/Downloads/Files/278-Month_In_Review_February_2016_V2.pdf.