latest on sydney

"The Sydney weekend auction market may be hot but it is what is happening before auction that has agents smiling."

In the past six months 41 per cent of auction sales have occurred before their scheduled date, with many buyers paying a premium to purchase prior to auction.

The trend is continuing in 2014 with 37.7 per cent of all properties that sold through an auction campaign in February never actually going to auction - well above the 10 year average of 33.2 per cent, figures from Australian Property Monitors show.

http://smh.domain.com.au/real-estate-news/sydneys-beforeauction-sales-have-agents-smiling-20140313-34nsc.html