Property markets including the Sunshine Coast are starting to make a comeback. Picture: Megan Slade. Source: News Corp Australia

The clock shows that values in areas including Cairns, the Central Coast, Coffs Harbour, Gold Coast, Sunshine Coast and Warrnambool and Wollongong are all rising. With Hervey Bay in Queensland also at the start of its recovery.

Markets which had already reached their peak of growth were large urban areas including Sydney, Newcastle and Dubbo in New South Wales as well as Horsham and Gippsland in Victoria.

Those in decline included markets dependent on the resources industry including Darwin, Emerald, Mackay and Perth.

Areas which had already hit the bottom of the market included a mix of regional and coastal towns including Whitsundays, Albury, the Riverland, Rockhampton, Gladstone and Mount Gambier.