Over the past 18 months , bidder numbers have consistently followed a similar pattern . On average , there are 4.6 registered bidders per auction , while active bidders typically average 2.9 . These figures closely resemble last month ’ s results of 4.5 and 2.8 , respectively .
For many prospective buyers , financing remains a significant consideration . Interest rate fluctuations serve as a critical catalyst , influencing their decision to commit to a property purchase . However , if the trajectory of price growth continues at its elevated rate , we may witness more buyers opting to secure properties early raising these rates .