Herron Todd White - October 2010
Townsville’s residential property markets have experienced very little change over the last three months.
Our Townsville residential property clock – refer Image 1 in the PDF document (scroll down and click on link to view document) – has remained frozen at the start of recovery phase since the start of 2010 and does not yet warrant further advancement. There are glimmers of a recovery in some locations and sectors, but they are still not yet sufficiently widespread for us to call a general market recovery.
Commercial and industrial markets are still judged to be at the bottom of the cycle. Commercial market confidence is improving, but we are yet to see this translate to tangible evidence of a market recovery.