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Why do so many people live in Sydney?:confused: Well not really Sydney, those far away outer suburbs that get so hot in summer and hardly anyone bothers to go to the beach. Fighting traffic, concrete, millions of neighbours. I simply dont understand it? The big cities are such a magnet but...

It's over, they've sold. Hype finished.:rolleyes:

Sydney a true international city attracting all sorts of people, business, sports, arts, etc. Melbourne the same. Perth...well not so, but may just get there one day. If only it didnt have to rely solely on resources. Syd will always lead the property market in Australia, the rest will follow...

Better explanation here ^^

Percentage of properties sold at auction. Eg: 100 houses go to auction and 83 actually sell, 17 are passed in = 83% clearance rate. Important as is assumed to be directly attributable to demand in real estate.