clearance rate

"The market for family homes is very, very strong, especially homes near good schools," Andrew Boyce of Hodges Brighton told SCHWARTZWILLIAMS.

Newcastle real estate is benefiting from new transport infrastructure and Sydney affordability pressures, says John Church of PRDnationwide Newcastle.

The five-bedroom, 2003-built Queenslander sold through Meagan Muir of Place Bulimba for a Cannon Hill record of $1.32 million on the weekend.

Auction data shows the Melbourne market continues to outpace Sydney.

Clearance rates are down, but when the right property comes along, the demand is still there.

We take a look at last week's auction markets in Adelaide, Melbourne, and Sydney.

New stamp duty concessions in New South Wales and Victoria added some heat to otherwise wintry auction market conditions on the weekend.

More Melbourne properties went to auction in the first half of 2017 than in any other six-month period.

The preliminary clearance rate across Australia's five capital cities last week was 76.9 per cent, up from 69.8 per cent the previous week, according to CoreLogic.

More properties went to auction last week than in any other week of the year, but the increase in supply did nothing to dampen demand - the nation-wide clearance rate rose to 77.6 per cent.