Super sale Saturday will see house sale price records tumble RECORDS will tumble today when 973 homes go under the hammer in Sydney's biggest ever day of auctions. The ultimate super Saturday day will cap off Sydney's strongest spring selling season since RP Data began tracking results in 2008. The market has been building to this weekend with 706 auction results on October 26 and 797 on November 2. Two weeks ago, there were 829. Spring 2013 has already seen 10,215 properties go under the hammer and today will make it 11,000. Previously, spring 2010 had the most auctions with 8,517, followed by 2008 (7,994) and 2012 (7,822). Kelly and Jordan Patrick are selling to move back to Hills District and antiicpate a good profit on their property. Around $8 billion has changed hands at Sydney auctions this spring and buyers are expected to fork out another $700 million today as they desperately try to lock in a property before Christmas. LJ Hooker expects $100 million to change hands across its 128 auctions, while McGrath Estate Agents have 178 listings in the Sydney metro area- the biggest day in the company's history. said Chris Mourd, LJ Hooker Head of Residential. With low interest rates on offer and a couple of missed opportunities throughout the year, there's a lot of competition in the air. So far this spring, buyers have devoured available stock, leading to an unprecedented 78.1 per cent auction clearance rate; significantly higher than in 2010 and 2008, where rates were 56.8 per cent and 45.5 per cent respectively. The second biggest year was 2009 with 72.5 per cent, but from the least number of auctions (6,794) and boosted by post-GFC incentives. "In 2009, there was a first homeowner grant boost, which trickled through and fired up the market." said Cameron Kusher, RP Data senior research analyst. Pictured at their home which is up for sale in Fairfield today are local business people John and Sandra who have had plenty of interest ahead of their Saturday auction. Home value growth this spring has smashed previous years, with median values up 5.8 per cent since September. A 3.2 per cent result in 2009 was next best, while 2010 (0.9 per cent) and 2012 (0.6 per cent) were flat. Values went backwards in 2008 and 2011. "There is a lot of pent up demand," Mr Kusher said. It's the best auction market in Sydney for a very long time. A spring boilover has been brewing all year, with just 1 per cent growth for houses in summer and 0.1 per cent in autumn, before the traditionally quiet winter kicked into gear with 5.4 per cent overall. Spring growth is poised to pass 6 per cent today. "I wouldn't be surprised to see growth of 14 per cent by the end of 2013," Mr Kusher said. People feel that interest rates aren't going to head up rapidly in the near future so will remain comfortable about buying. Auction listings have increased on the back of huge results, but a slight drop in clearances over the past fortnight suggests record rates may not last forever. "If you've got a four in five chance of selling a property, that's pretty attractive, but you can't really stay at 80 per cent clearance for too long," Mr Kusher said. Over the last 10 years, Sydney home values have increased at a rate of 2.7 per cent per annum, which is in line with inflation. I can't see the current rate of growth being sustainable for a long time. I doubt 2014 will see growth anywhere near this year's level. Western Sydney has had a surge in auctions this year and will host 211 today, just 26 less than the more traditional auction market in the inner west. Forty will occur within the popular Parramatta council alone. Sydney's south is another affordable market where auction numbers have increased. Today, 147 homes will go under the hammer. The northern suburbs, northern beaches and central coast will host 270 auctions, while 108 will take place in the east and inner city. Tim McIntyre WHEN Peggy St in Mays Hill, on the western outskirts of Parramatta, was rezoned, residents decided to cash in. Neighbours Paula, Frank, Nora and Matthew Sorrenti, Astrid Edkins, Dannielle, Natalie, Peter and Jessica Douwaihi, at Peggy St, Mays Hill. Instead of selling separately and getting about $700,000 each, they banded together knowing a developer would pay top dollar for such a prime piece of real estate minutes from Sydney's second CBD. Today four houses - Nos.3, 5, 7 and 9 - will go under the hammer as one block and agents expect it to fetch more than $4 million. Peter and Lillian Douwahi have raised five children at No.5 and Mr Douwahi said he thought about getting the neighbours together to sell en masse as soon as he heard about the rezoning. "Last year someone offered me more than a million for my house, but when I thought about it, I realised we could all get more money if we sold together," he said. I'm hoping that as a group we'll get about $4.8 million, or more. Astrid Edkins, 68, has been at No.7 for 16 years. When the rezoning occurred, Mrs Edkins said she knew it was the right time to move on and sell up. When that happened we all decided it was probably time to go. I've recently retired and I've been thinking of leaving Sydney altogether," she said. But I've thoroughly enjoyed living here, I've never regretted it for a moment. Agent Zac Moses of Laing + Simmons Merrylands said up to 48 units could be built on the site.