The number of homes taken to auction over the weekend rose across the country, according to CoreLogic's preliminary data for the weekend. A total of 2,539 auctions were held with a clearance rate of 62.5 per cent, an increase on last weekends 62.2 per cent clearance rate across 1,799 auctions in the capital cities.

Sydney struggled, with clearance rates dropping to below 60 per cent over the weekend, signalling a weakening in the property market.

"Vendors prepared to meet the market are still selling, but those refusing to accept the softening prices will struggle," Leanne Pilkington, president of the REINSW told WILLIAMS MEDIA.

Source: CoreLogic

"Even areas such as the Northern Beaches and the Eastern suburbs that have been bucking the trend saw clearance rates drop to below 70 per cent," she said. 

However, Rebecca Duncan from Belle Property told WILLIAMS MEDIA her office performed well.

“Our office in particular had five auctions on Saturday and all sold under the hammer so we were still seeing that our market is still fairly strong," she said.

"In Sydney in general, I’m not so sure what’s going on out West or in the Northern Beaches - but for our particular office, all our properties sold," she said.

This four-bedroom home in Annandale sold at auction over the weekend for $2.4 million through Belle Property. View this property on Luxury List.

Meanwhile, the Melbourne market performed solidly, with 1,004 auctions held over the weekend with a clearance rate of 68 per cent, an increase on the previous weekend where 823 auctions yielded a 67 per cent clearance rate. 

Hawthorn performed the strongest, with all 11 listings selling under the hammer. 

In Melbourne's inner north, Preston also registered the perfect score with all seven properties listed selling at auction. 

Hopper's Crossing in Melbourne's outer south-west recorded 12 of the 17 properties auctioned changing hands. 

"With the school holidays in the rear-view mirror, there was a big increase in auction activity both in Melbourne and in regional Victoria," REIV CEO Gil King told WILLIAMS MEDIA.

"Weekend auctions again revealed opportunities for potential buyers at each end of the market.

"The number of auctions could again exceed 1,000 on each of the next two weekends," he said.

Read more about auction results around Australia:

Auction results remain steady across the board

Weaker investor demand, tax concessions let first-home buyers back in: CoreLogic

Sydney's Northern Beaches Australia's most expensive rental market: CoreLogic