Sydney Boom Close to Peak

Oaks Sales feel that Sydney’s property boom is currently at the peak of the current property cycle, with the Sydney property clock showing prices have peaked. The property clock is a simple measure to show where a market is in its price cycle: six o’clock signals the start of price growth, 12 o’clock signals a much lesser growth. The Sydney market is at 12 o’clock following a long run of price increases that have seen the median house price climb roughly $250,000.

Before that, the market had largely been in hibernation in the wake of a massive boom in values over the first half of the 2000s.

Property pundits have long cautioned that recent growth would not continue forever and that the current boom would be followed by a period of slower growth, such as that directly after Sydney’s last boom. Sydney being mapped at 12 o’clock indicates this period may arrive soon.