Would you describe the Sydney residential auction market as hot?

Property ObserverAugust 11, 2013

With Australian Property Monitors weekend clearance rate for Sydney topping 80% for the fifth week in a row, the auction market is strong. 

Observer Pete Wargent says that the exact colour description of the market may be a point for conjecture, but concludes the market is hot.

{module Would you describe the Sydney residential auction market as hot?}

Pete Wargent goes on to say "in Sydney expect property prices to break new record highs over the coming quarter." 

Editor's Picks

Capri prepares to welcome residents to resort-style villa community on Isle of Capri
Buyers take advantage of WA stamp duty concessions as Incontro Subiaco apartments near 50% sold
Gold Coast buyers starting to think longer-term: Five minutes with SRQ Projects Director Nick Clydsdale
A "passion project" not to be repeated: Inside DJ Fisher's Pescado Palm Beach with Jayde Pezet
Why Danby Lane in Nundah is more than just a project for Gardner Vaughan Group: Five minutes with Sam Gardner