With another weekend run and won the wash up is becoming more and more interesting.

A clearance rate of 81% was achieved with just under 500 auctions being conducted.

Whilst I am still being conservative in my predictions for the market and that with increased supply of property we should see the clearance rate come back a little bit.

But and here is the big but what if we don’t see an increase in stock availability what if this is the new normal, what does this mean for the market.

Well with an increase in population year in year out there is a chance we will continue to see the drop off in the established suburbs which will lead to further competition and push prices up higher.

If you are thinking of buying or selling a property now is a great time but it is more important than ever to get the right advice first, and not from the estate agent.