More auctions and more sales in capital cities than a year ago: RP Data's national weekend auction wrap

A preliminary weighted average clearance rate of 68.7% was recorded this week across capital cities compared to 68.9% last week and 67.7% this time last year.

Sydney provided the highest clearance rate and when combined with the higher volumes in Melbourne resulted in another solid week.

This week a preliminary clearance rate of 76.4% was recorded in Sydney compared to 72.4% last week. Sellers with auctions scheduled in spring will welcome the strong result this week.

In Melbourne there was a preliminary clearance rate of 67% recorded compared to 71.4% last week. The market has built a solid basis for spring and continues to offer buyers good opportunity.

In Brisbane a preliminary clearance rate of 47% was recorded compared to 59.5% last week. Adelaide recorded a clearance rate of 62.3% compared to 64.6% last week.

In Canberra a clearance rate of 64.3% was recorded and in Perth there was a clearance rate of 75%.

In Tasmania one auction resulted in sales from the 4 held.