More properties went to auction last week than in any other week of the year, but the increase in supply did nothing to dampen demand - the nation-wide clearance rate rose to 77.6 per cent.
One in five NSW agents not meeting professional development standards
A random audit by NSW Fair Trading of 314 people working in the real estate industry found that 68 individuals had not completed their mandatory Continuing Professional Development training.
The REINSW says policies being considered by the NSW government to improve housing affordability for first homebuyers is a step in the right direction.
Top end of market faring well, but change is in the air
The top end of the property market continues to surge, with the clearance rate hitting 77.1 per cent on the weekend, but a change of sentiment is "in the wind" according to John Cunningham, president of the REINSW.
Auction buyers undeterred by rising interest rates and higher unemployment
The auction clearance rate across Australia's capital cities rose last week to 76.2 per cent, despite the prospect of interest rate rises and job losses.
