It may be winter but the cooler winter months haven't really cooled the Sydney property market.
Extraordinary levels of investor activity mean that Sydney dwelling prices remain set to continue rising laying to rest more than a few misguided articles about prices falling in May.
Reports Australian Property Monitors:
"Sydney’s home auction market consolidated last week’s revival by recording its second consecutive weekend clearance rate above 77 percent.
This weekend’s 77.3 percent rate was similar to last weekend’s 77.7 percent rate that followed a month of results that had indicated a falling trend in buyer activity.
The northern beaches recorded another stunning clearance rate at the weekend as the strong revival in buyer activity in that region continues.
It clearly led all the regions with a 94.7 percent result and was followed by the inner west with 87.8 percent, the city and east 85.7 percent the south with 84.1 percent and the lower north with 81.5 percent.
The Sydney auction market continued its revival at the weekend reporting back-to-back 77 percent plus clearance rates for first time since May. This indicates that there is plenty of life left in the mid-winter market that clearly remains positive for sellers with house prices set to continue to rise.