With a long weekend underway it was highly unlikely we were going to see a bumper weekend of auctions in the city where any excuse for a break in the property market is taken.

With under 300 auctions having been conducted we still saw a cleanse rate of 69% achieved which is in line with what you would expect.

Obviously with so few auctions it’s hard to draw rational conclusions from the numbers.

On a whole though the market appears to be ticking along perfectly well.

We are seeing some sectors slow and struggle like the new development market as banks slow lending to these projects due to an oversupply.

Yet the home market and villa unit market is going very well due to a lack of supply.

It’s is important to remember not all properties are equal like not all agents are equal.