Sydney and Melbourne clearance rates were both over 70 per cent on Saturday, according to data from Australian Property Monitors (APM) suggesting a positive beginning to 2013.
According to APM, both Sydney and Melbourne saw auction clearance rates at more than per cent (at 71.4 per cent and 75 per cent respectively), compared to 65.3 per cent in Sydney and 54.2 per cent in Melbourne in the same week last year.
Brisbane recorded a clearance rate of 25 per cent.
The auction median in Sydney was at $521,000 for houses while in Melbourne it was at $480,000 for houses.
For detailed APM house price reports, visit www.homepriceguide.com.au