Original article by Duncan Hughes
The Australian Financial Review – Page: 3 : 1-Jul-19
Valuation company Herron Todd White contends that Melbourne, Perth, Darwin and Brisbane are at the bottom of the residential property cycle, and that Sydney is not far off getting there. On the other hand, Canberra, where there is a shortage of property, is at market peak. HTW’s assessment comes as a majority of economists predict that the Reserve Bank will cut cash rates for the second month in a row, even though rates are already at a record low.
HERRON TODD WHITE AUSTRALIA PTY LTD, RESERVE BANK OF AUSTRALIA