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Home › Market Insights › Property Clock: Which Property Markets Are Rising, Peaking, or Falling?
Timing the property market can make a big difference to your buying or selling results. That’s where the property clock comes in, a simple tool that shows whether markets are rising, peaking, falling, or bottoming out. In Australia, Herron Todd White’s monthly Property Clock report tracks more than 50 markets across capital cities and regions, helping buyers, sellers, and investors understand where each sits in the cycle. In this guide, we’ll explain how the property clock works, reveal which markets are on the move in 2025, and share tips for making the most of these insights.
The property clock is a simple yet powerful visual mapping of where property markets sit in the cycle:
Far from arbitrary, each clock quadrant reflects real-world dynamics:
Understanding where a market sits on the property clock can help you decide whether it’s the right time to buy, sell, or hold. Rising markets often mean prices are increasing and competition is growing. Peaking markets suggest values are at their highest, while falling markets may see prices dip before recovery begins. Herron Todd White’s June 2025 Property Clock gives a snapshot of more than 50 Australian markets so you can see exactly where yours stands.
These markets are moving upwards, with prices gaining momentum and buyer confidence improving. Interest rate cuts, limited housing supply, and population growth are driving much of this activity.
As of June 2025, HTW places the following in the rising phase:
Earlier in March 2025, Perth and Adelaide were joined by:
These areas may offer good buying opportunities before they reach their peak.
Peaking means prices are near their highest point. Demand is still strong, but growth is slowing, and affordability is becoming an issue.
If you’re a seller in a peaking market, this could be the moment to act.
Falling markets see prices decline as demand softens, while bottoming markets are at the lowest point before recovery starts.
Right now, HTW reports very few markets in decline. The majority are still on the rise, but some areas particularly parts of Melbourne could see softer conditions ahead. Sellers here may choose to wait, while buyers could look for bargains.
The property clock is a great guide, but it’s not a magic predictor. Markets can move quickly, and local conditions often differ from the national picture.
The property clock is a compass, not a crystal ball. Use it for direction, not as definitive timing.
Perth and Brisbane are leading the way. Adelaide and parts of regional Queensland also show strong momentum, with projections ranging from 3–10% growth depending on forecasts
Lower rates boost affordability and demand, push markets into the rising/recovery phase. Higher rates suppress buying, potentially stalling prices or shifting markets toward peaking or decline.
Absolutely. Local factors shape timing: employment, infrastructure, migration, and supply dynamics can vary widely between regions.
Typically during the recovery or early rising phase, when prices are improving but not yet peaking.
No. HTW produces separate clocks for houses, units, and combined residential types, each can move on different cycles
