The big question is will spring auction listings swamp the market and quell the gathering momentum?

PHOTO: Sydney Auction

The Sydney auction clearance rate has certainly been improving in recent weeks.

The calendar interruptions of early 2019, along with the seasonal winter slowdown, has meant volumes have been below average. Saturday’s offering were down 25 percent in Sydney and 32 percent in Melbourne.

Given renewed buyer interest, this means there’s been often stronger competition that any agent expected for their offerings. Auctioneer Damien Cooley saw four bidders register at his 214 auction last month as against the two bidders at his 346 auctions last June.

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