Auction clearance rates received a welcome boost over last weekend, with each capital city recording healthy results compared to last week.
According to Australian Property Monitors (APM), Melbourne witnessed over 900 properties put to auction for a clearance rate of 63.7 per cent, up from last week's 59.5 per cent. Their data shows auction listings throughout the week and collects the results each Saturday (when the majority of auctions take place).
Sydney managed a clearance rate of 62.1 per cent, up 3.5 per cent from last week, after 546 properties were put to auction.
Adelaide and Brisbane recorded a clearance rate of 44.7 and 35.9 per cent respectively, both showing improvements from previous results.
For detailed APM house price reports, visit www.homepriceguide.com.au