Losing steam
Lots more auctions are taking place now, with 1,739 through the week in Melbourne, and 1,144 in Sydney.
The extra supply and more listings in the post look set to balance out the market a bit, and the final auction clearance rates will likely ease back into the mid-70s range.
Source: CoreLogic
CoreLogic notes that such a result would still be well above the decade average for both cities.
Brisbane saw some suburb records posted for homes sold this weekend.
CoreLogic will report the October housing indices figures this week, which will still show strong capital growth, but with the momentum losing a bit of steam as we head towards the end of the calendar year.
Sydney will still see price gains of about 1½ per cent for the month, with Brisbane and Gold Coast closer to 2½ per cent, and Adelaide at about 2 per cent.
For Brisbane house price gains over the year are now 24 per cent, with plenty more to come.
CoreLogic's figures will most likely be out on Monday morning.
