Lots of talk about Sydney topping out - most believe it's there or there abouts if not already turned. Some great observations over the last few months on how to pick the top (and turning) market - whether it's clearance rates, brokers talking about demand for finance, vendor expectations, number of people at viewings, etc. Lots of predictions on when Sydney will bottom out / dead cat bounce - and the estimates vary by ... years. Nobody has a reliable crystal ball after all so no surprise at the diversity of opinion. But let's not focus on the timing of when, but how to identify the when ... What are the signals we should look for to say the market has bottomed out and is now on the cusp of turning? Nobody wants to catch a falling knife, yet everybody wants to buy at rock bottom to maximise CG. In a CG strategy there is little point in buying too early and wearing holding costs in anticipation of the next upturn. The best time to buy is that sweet spot when a market turns the corner. So what indicators to look for to say the market (say Sydney) has not only bottomed but has started turning a corner ... Upwards? Are they just the opposite indicators of the top of the market ... Or something else? Obviously it starts at a very local level - somewhere ... Pointless to look at statistics that are so aggregated that those first glimmer of a turnaround are hidden. Neither will you read about it in an investing magazine (investment-porn). Hot-spotters get it wrong more often than they get it right ... And when it's right it's pretty short term (mining town anyone?). Interested especially to hear from the more experienced who have been through a few cycles - a few market tops ... and bottoms. What did you see, that nobody else did, that put the market back into a buy zone for you?