i thought props supposed to crash now fhbs out

82% clearance rates again this weekend for Melbourne

I know its early days...but the naysayers reckoned the property market would crash and burn..once the FHB's bonus was removed at the end of September.....
and in the meantime, we have had our first rate rise ....which should have compounded the 'crash and burn' scenario....
the buyers advocates for the top end of the market....reckon some auctions have 5-7 bidders....and most have at least 3 bidders....leaving between 2-5 bidders still looking for props.....
and the market will be hot until the end of the year....then everyone goes on holidays and parties until the Easter auctions.......
hmmm, might be some further reasons why the housing market is so competitive......some of us have some of the answers...hence we dismissed the reasoning of the naysayers.....with good reason....its been debunked
http://www.reiv.com.au/home/inside.asp?ID=162&nav1=652&nav2=162