The total weekend auction revenue for Sydney, Melbourne, Brisbane and Adelaide was $100 million higher than at the same time last year

Property prices have jumped by nearly 12 percent over the last 12 months

Demand for rental properties, from both investors and tenants, is expected to surge during the next few months

Strong clearance rates on the first big auction weekend of the year

Strength of the residential property market continued to improve

2009 has been both an exceptional and surprising year for Australia’s property market

Properties at the bottom end of the market enjoyed growth of around 15 per cent in 2009

In the year to June 2009, housing commencements in Australia totaled 131,500 and population growth was 443,100

About $922 million worth of property changed hands yesterday, and once today's auctions are complete, the tally is likely to approach the record set two weeks ago of $949 million