The weekend's 48 per cent auction clearance rate has done nothing to assuage the nervous anticipation about the direction of the residential property market this year.
It was well below last year's opening weekend figure of 68 per cent, and puts this month in line for its weakest result since 2005.
On that same less than glowing note:
Stagnant market likely after last year's house price boom
Capital city house prices rose just 0.7 per cent in the three months to the end of December, up 5.8 per cent on the year overall, according to the Bureau of Statistics.
The bureau's figures included a revision of house price gains for the September 2010 quarter. Instead of a slight gain of 0.1 per cent they showed prices fell 0.3 per cent.