A quiet weekend as Australia paused to reflect for ANZAC day.
Nevertheless, in the property sphere there were still 550 auctions held.
Of those reported, RP Data recorded the highest auction clearance rate on record at an incredibly high 84.3 per cent.
This is a remarkable result and a level not previously seen on this index.
These figures may be revised down in due course.
Source: RP Data
Clearance rates were extraordinarily high in Sydney (91.1 per cent), Melbourne (87.4 per cent) and Brisbane on low volumes (90.9 per cent).
Adelaide mustered only a 55 per cent clearance rate, also from low volumes, down from 64.4 per cent on the same weekend last year.
Source: RP Data
Sydney's market remains the strongest in the nation with clearance rates dramatically higher than the same weekend a year ago (71.3 per cent).
Source: RP Data---
A quieter week ahead for market news.
It will be a lively enough start to the weekend for iron ore stocks with the spot price leaping by 5.6 per cent from US$53.80/tonne to US$57/tonne.
Of particular interest this week will be the March 2015 private sector credit data, due to be released on Thursday morning.
The February data, which I looked at in detail here, showed housing credit surging driven forward by investors.
However, the Reserve Bank may now be expecting to see investor credit reaching a plateau.
The February data also showed business credit expanding by 5.6 per cent, the best result since February 2009.
Market forecasts tip total private sector credit to mirror the February result, expanding by 0.5 percent.