Despite the resurgence in the Sydney and Melbourne property markets, valuation firm Herron Todd White believe apartments are still at the bottom of the market.
They suggest the housing market in Sydney and Melbourne, as well as Brisbane, is already starting its recovery.
Sydney’s unit market bottomed out last month, according to Herron Todd White.
Melbourne have been at the bottom of the market since July when Sydney was approaching the bottom.
Wider Sydney and Melbourne have started their recovery before the capital markets.
Unit markets in Geelong and Shepparton outside of Melbourne are starting to recover, as are markets in Newcastle, north of Sydney.
The Gold Coast is finally starting to bottom out, with its decline starting way back in June 2018.
