Damien added: "Honestly, I think there is a bit of fear about. A lot of vendors are trying to come onto the market as early as they can because there's a lot of talk of a market correction.”
He added that he wouldn’t be surprised if Sydney cracks 1,000 auctions on February 25 and says it will help gauge how the year's auction season will shape up.
"It's extremely important that the day passes the acid test,” Damien said.
“If the market goes well on a big Saturday with big volumes then the indication will be that the market is in a really good position to continue through the Easter period and most likely well into the first half of 2017.”
Last February Cooley Auctions firm clocked up 379 auctions and went on to perform more than 6,000 auctions over the 12-month period.
Damien said that Easter in mid-April this year is good news for agents.
"Agents can capitalise on that time frame. When Easter is a little bit later it means that we get a couple more weeks of auctions in before the holiday weekend.”