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