The property clock shows Australia’s rising and falling markets on a clock face, where 12 o’clock corresponds to the peak of the market and 6 o’clock shows a market has hit bottom. Markets either side are rising or falling as the clock hands move.
Buyers concerned with market timing aim to buy on the way up and sell at the peak.
The February property clock shows that houses in the resource towns of Gladstone and Mackay have now hit bottom, while further south in Bundaberg houses have clicked over to 7 o’clock and the start of the recovery cycle.
Brisbane houses also remain in the recovery phase, offering buyers good space for growth potential.
No prizes for guessing that Sydney houses are still rising (when will they run out of puff?) while its partner in growth Melbourne is said to be approaching the peak.
The unit clock tells a different story however, and in Brisbane units are starting to decline.
Check out the property clock in the Herron Todd White February Month in Review.
*Herron Todd White is the largest independent property valuation and advisory group in Australia.