The boom had slowed by 1891 and came to a halt with the Panic of 1893.
This boom slowed after the 2008 global financial crisis, with some projects being put on hold and none of the cities tallest buildings being constructed in 2010.
The turnaround appears to be another sign that the boom in house prices and sales is finally slowing.
For example, the initial boom in personal computers slowed in the mid-1980's after the demand for the early, simple machines was met.
Sure, the city's boom may slow a bit.
The latest report seemed to support the contention of many, however, that the boom in exports - and improvement in the trade deficit - is slowing.
However as Geelong's boom slowed, work ceased two years later leaving Geelong with an incomplete landmark for over a decade.
But the minute the boom slowed, and the glass became half full, the game couldn't go on.
I'd quadrupled my money so far and there were no signs the boom was slowing.
The Argentines went home for winter, and the boom has slowed somewhat.