Many vendors are selling their properties quickly before auction to take advantage of buyer demand for the small amount of stock on the market because they do not know what the future holds.
The latest auction results for the country's two biggest cities show clearance rates hovering around 60 per cent, indicating the property market is by no means strong, but also not showing signs of distress.
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Ingrid Fuary-Wagner is the AFR's explainer editor, based in Sydney. She previously wrote about property and before that was news editor at Domain. Connect with Ingrid on Twitter. Email Ingrid at ingrid.fuary-wagner@afr.com
