The higher week-on-week activity returned a preliminary auction clearance of 55 per cent, which is lower than the previous week’s 55.3 per cent final clearance rate.

So far the Spring selling season has seen a lower volume of auctions take place each week relative to the same period last year, demonstrating the reluctance within a softening market, however the weighted average clearance rate has levelled out somewhat; remaining within the low-mid 50 per cent range since May, according to CoreLogic.

Queensland

In Brisbane, 45.1 per cent of properties sold this week, down from last week with just under half of Brisbane homes successful at auction (49.4 per cent).

This week 142 homes were taken to auction, down from 159 last week.

Last year, there were 133 homes taken to auction with 44.4 per cent clearing.

Lachlan Anderson of RE/MAX First sold 14 Quayline Close, Pelican Waters this weekend for $1.7 million, which broke the street record of $1.61 million.

14 Quayline Close, Pelican Waters sold for $1.7 million by Lachlan Anderson of RE/MAX First, as seen on Luxury List

“The auction was very quick, it wrapped up within five to ten minutes, with one registered bidder,” Mr Anderson told WILLIAMS MEDIA.

“We had an exceptional turnout of about 55 people, and we had 68 people view the home throughout the marketing campaign.

“With the amount of enquiry we are getting recently, The Pelican Waters market is the strongest I have seen it in respect to a sellers market.”

Related reading: Australians should be earning six-figures to avoid being under housing stress, says report

Victoria 

There were 991 Melbourne homes taken to auction this week, returning a preliminary clearance rate of 57.2 per cent.

Last week, 891 auctions were held across the city with a higher 60 per cent success rate.

While one year ago, a much higher 1,265 homes were taken to auction across the city returning a stronger 71.4 per cent clearance rate.

Sam Rigopoulos of Jellis Craig Brunswick sold 31 Warncliffe Road, Ivanhoe East for $2.6 million to a family from Thornbury.

There were two people bidding, with four registered.

“The auction started with a vendor bid at $2.4 million, followed by a genuine bid at $2.425 million, then it went back and forth.

“The vendors reserve was at $2.5 million so they were very happy."

Mr Rigopoulous told WILLIAMS MEDIA the vendor was ex AFL footballer Renato Serafini.

31 Warncliffe Road, Ivanhoe East sold for $2.6 million by Sam Rigopoulos and Anthony Lapadula of Jellis Craig Brunswick, as seen on Luxury List 

“The market in Ivanhoe East has been quiet patchy. Good properties like this one attract interest due to scarcity, and you would find that's typical of most markets across the east coast.

“The competition is still there for these homes so it's definitely worth going to auction.”

Gil King, CEO of the Real Estate Institute of Victoria said “Inner northern suburbs had the best performance over the weekend led by Thornbury with eight auction sales and an 80 per cent clearance rate, and neighbouring Northcote with seven sales”.

“Victoria’s regional market is still going strong with an average 74 per cent clearance rate from 31 auctions.”

Related reading: Auction results show Sydney is in a "normal real estate market"

New South Wales

In Sydney, 52.6 per cent of properties sold this week, up from last week when the final result saw just over half of Sydney homes successful at auction (50.6 per cent).

There were a similar volume of auctions held this week compared to last, with 665 homes taken to market, up slightly from the 656 auctions last week as of final figures.

Last year, there were 916 Sydney homes taken to auction with 64.2 per cent clearing.

Related reading:

Unit market outperformed houses in weekend auction

Perth rental market improving

House prices continuing to fall with Canberra the most affected