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I guess if you've fixed then you've fixed at a rate you can afford. Otherwise why fix? Anyway, fortunately the vast majority of aussies are on variable. There wouldn't be too many people fixed at 9%.

Hahaha! That's funny. It must be the plummeting interest rates forcing the vendors hands. I can just see them... 'Gee, I've held out all though 2008, but now I'd better sell at any price before interest rates fall again!' :rolleyes:

Hard to argue that this is not a new trend forming. The first time could have been a one-off, but now we have the auction clearance rate well above 70% once again in Sydney. National clearance rates were generally down around 40-50% last year, but now they are on a steady uptrend. 70%+...