Tilt shift or miniatures technique for After Effects. The illusion works better with footage looking down on a scene from a reasonable distance and height, shadows and strong light add to the effect. A locked off shot around 2 to 3 minutes duration provides enough source for a 10 to 20 second sequence. Special thanks to the After Effects list and in particular the following people for their tips and techniques.
Import video footage to After Effects and create a new composition using the imported footage.
Select the video footage and go to Layer -> Time -> Time Stretch and set the Stretch Factor to around 12% to achieve a time lapse look.
Select the Rectangle Tool (Q) and set the Fill to Linear Gradient.
With the Recatangle Tool still selected drag over the video to create a Shape Layer with a gradient fill. Switch to the Selection Tool (V) and reposition so the fill is from top to bottom.
Turn off the Shape Layer so the video is visible and apply the Lens Blur effect to the video with the following settings. The Blur Focal Distance and Iris Radius should be adjusted to suit individual footage.
Apply Curves and bump slightly to heighten the minitures illusion.
Inspired by Keith Loutit's timelapse tilt shift photography and drawing from subsequent discussion on the After Effects List.
This page is my attempt to simulate the effect of a tilt shift camera and time lapse sequence using Adobe After Effects and footage shot on a Sony V1.
The view is looking down on the corner of Bourke Street and Spencer Street in Melbourne from the steps of Southern Cross Station.