Clearance rates in the national property market are back to the boom time of 2007, despite the lack of interest from investors.
Weekend house sales in all major markets were well up on last year as first-home buyers emboldened by low rates and boosted government grants continued to lead the charge.
Australian Property Monitors head of research Yvonne Chan said monthly auction figures for the year showed clearance rates were back to the levels they were in 2007.
"The market has recovered from last year. Month on month clearance rates show some real promising signs and in Sydney and Melbourne clearance rates are around the long-term averages," Chan said.
However, Chan warned that first-home buyers were the only force driving up clearance rates and holding up the market.