• Property demand increases
• Limited supply of property
Start of recovery
7
Slowdown
8
• Rising values
• Rising sales volumes
• Fewer days on the market
• High auction clearance rates
• Decline in number of
property sales
• Falling real estate values
Boom
4
• Oversupply of property
3
Approaching bottom of market
Hover over a time on the clock to find out more about that stage of the market.
• Oversupply of property
• Decline of real sales prices
• Low confidence
11
Market peak
2
Approaching market peak
• More buyers than sellers
• Peak of real sales prices
• Low rental yields
• High confidence
• Construction of new homes
declining
• More sellers than buyers
Slump
• Falling commodity prices
• Falling share prices
• Rental yields drop
• Tighter bank lending
• Rising interest rates
• Falling construction prices
• Rising construction of new
homes
• Rapidly rising prices
6
Rising market
1
Recovery
Starting
to decline
5
Declining market
10
12
9
• Rising yields
• Rising commodity prices
Market bottom
PROPERTY CLOCK
• Reduced interest rates
• More relaxed bank lending
• Prices rise