Auction clearance rates might be falling but the market is still prety swift. Two units in blocks on either side of my place sold within two weeks, maybe quicker, I just saw the "For Sale" signs one week and "Sold" signs the next, same thing with a house for sale down the street, two or three weeks at most, all private treaty sales not auctions. This is in Sydney suburb of Bexley but what I am hearing from my friends it is prety much the same all over Sydney. My understanding is that the prices are not rising as much as they did last year but they are firm and the is no sign of weakness as yet.
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