Sydney’s real estate market is experiencing an unprecedented surge with record-breaking auction success, showcasing the highest clearance rate in over two years.
 The boost is attributed to growing confidence and expectations of impending interest rate cuts, fueling housing price growth. Despite the Reserve Bank’s efforts to combat inflation by raising rates, Australia’s property market defies expectations, driven by migration-driven population growth and limited supply due to soaring construction costs.
 As the nation anticipates lower interest rates, the coming weeks will be crucial for testing Australian housing demand, with approximately 2,800 homes scheduled to go under the hammer.