Joel Gibson has been spending a bit of time at auctions of late, like millions of other Australians.

Prices have skyrocketed by 8.4% since New Year’s Eve and auction clearance rates hit a record high of 83% at the end of March before just dipping below 80% in recent weeks.

There are better ways to spend a Saturday, but if this is your destiny for the time being, Joel unpacks with John Stanley what the agents and the economists have to say on winning approaches.

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