Buyers have shrugged off bearish pronouncements and broader uncertainty over the housing market to push clearance rates and sales volumes higher, as a growing number of experts downplay the likelihood of a housing crisis.

The NSW government wants to transform the 80-100 hectares of government-owned land around the 1.5km long rail corridor from Central Station to Eveleigh, and create more jobs, more homes and more green spaces and facilities.

The capital city auction results at the weekend showed no evidence that buyers had concerns about a looming house price crash, as predicted by contrarian research house Variant Perception in its Big Short-themed report.