"880 properties due to go to auction this weekend"
http://www.heraldsun.com.au/news/more-news/buyers-sellers-in-super-saturday-showdown-to-end-real-estate-standoff/story-fn7x8me2-1226281039264
If 367 sold at auction....
Also, something else in this Herald Sun article;
"Prahran is leading the pack with 17 auctions, with Richmond and South Yarra not far behind at 15 each"
These 3 suburbs represent the most popular rental suburbs in melbourne imo. So the owners of these properties are more likely to be investors and not owner occupiers. To me, the bursting of the bubble will be in part due to investors selling because of weakness in the rental market.
http://hotcopper.com.au/post_threadview.asp?fid=273&tid=1516984&msgno=48799#48799
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reiv : 15% of auction results gone missing, page-2
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