Fewer properties went to auction last week, as vendors held off over the Queen's Birthday long weekend. But strong buyer demand persisted, as evidenced by a string of strong sales around the country.

A beautifully renovated five-bedroom house at 2 Beaver Street, Malvern East, Melbourne, sold at auction for $6,065,000 last week through agents John Manton and Fiona Ansell-Jones of Marshall White Armadale. (See image above.)

Click here to view the East Malvern property on Luxury List.

A four-bedroom, stone home at 44 Milan Terrace, Stirling, Adelaide, sold for $1,365,000 last week, through Josh Biggs and Deborah Wood of LJ Hooker.

Click here to view the Stirling property on Luxury List.

Stirling home. Image: Marshall White Armadale.

The top sale of the week was a three bedroom apartment with views over Sydney's famous Bondi Beach, which sold for $6.5 million through agent Travis Reeve of Vanguarde Sydney.

Click here to view the Bondi property on Luxury List.

Beachfront Bondi apartment. Image: Vanguarde Sydney.

Beachfront Bondi apartment. Image: Vanguarde Sydney.

A five-bedroom house at 70 Mintaro Avenue, Strathfield, in Sydney, sold for $4.8 million last week, through Chris Virgona of Richardson & Wrench.

Click here to view the Strathfield property on Luxury List.

The Strathfield home sold prior to auction. Image: Richardson & Wrench.

Only 1,265 properties went to market across the nation's capital cities last week, which is comparable with the 1,100 auctions recorded for the Queen's Birthday week last year.

The auction market in Victoria remained firm. 

“Victoria’s auction market continues to perform strongly with 222 homes selling under the hammer, the highest number of auction sales for Queen’s Birthday weekend since 2010," Joseph Walton, president of the REIV, told SCHWARTZWILLIAMS.

The auction clearance rate for the previous week was revised down to 69.8 per cent, an equal second-lowest clearance rate for the year. The final clearance rates for Sydney and Melbourne were revised down to the lowest levels this year. Last week's auction clearance rate was 71.8 per cent, but the final result is expected to be revised lower, according to CoreLogic.

Source: CoreLogic.

John Cunningham, president of the REINSW, told SCHWARTZWILLIAMS that auction activity in Sydney also remained solid.

"With clearance  rates still reaching over 70 per cent there are no signs of any slow down to activity as buyers are still active and competitive in the current balanced market. We expect to see this pattern becoming commonplace as the market finds its new equilibrium," he said.

Read more about auction results:

Revised auction clearance rate one of the lowest this year

Auction volumes up, clearance rates hold steady

Pent-up demand means more auctions and more sales