With still some of the lowest auction numbers we have seen the clearance rate is still very buoyant, will this continue when there is more property available on the market.

At the moment we are seeing auction numbers in the low 300’s and whilst we are seeing a clearance rate now sitting at 76% it is very hard to say that this is the new normal with the lack of available property.

Until we see more good quality properties become available, I will not be beating my chest saying the market is back.

What I can say is though is that confidence is definitely returning to the market due to not only the election result but two rate cuts and a change to the assessment rate by APRA.

What this means is there is not only more people out looking but more money available to be spent.

As we start to come out of the Winter market and move towards the Spring market, we will hopefully have some more clarity in what is actually occurring.