I would agree that the REIV reported auction result rate leaves...

I would agree that the REIV reported auction result rate leaves a little to be desired . However it is a constant ( just like the employment figures ) so if you look at it that way it is still a reasonable relevant measure of the market .

That combined with a bit of on the ground observation is enough to tell me that the Melbourne market is steaming along at the moment .

I'll trust that more than an anonymous poster who is regular bearish poster talking about a very small part of the market in an area that is marginal at best .