Sydney, Melbourne and Brisbane: Where they are on the property clock

The property clock is a simple broad brush to explain where larger markets are.

Markets at 6, or with the hand facing south, are in a ‘bust’ or at the trough of the market. Those at 12 are in the ‘boom’ or the peak of the market. Any from 7 to 11 are in the upswing, while those in 1 to 5 are in the downswing.

Below is where the Australian Property Institute has plotted Sydney, Melbourne and Brisbane onto the property clock.

Source: Australian Property Institute’s Australian Property Directions Survey

At present, Melbourne and Sydney are already nearing the top of the clock, meaning they’re close to market peak. Brisbane has some way to go. All three, however, are on the upswing.

Source: Australian Property Institute’s Australian Property Directions Survey

Next year, Sydney and Melbourne will have reached their market peak, with Brisbane still some distance behind. Sydney is progressing fastest, with some suggestion it may be just past peak next year.

Source: Australian Property Institute’s Australian Property Directions Survey

In 2016, Brisbane is the only capital to still be in the upswing.