All eyes will be on the state's auction results this weekend to see what post-election confidence has returned to the market.
Auction volumes are set for a post-election boost this weekend, as the market continues to recover from last Saturday's election.
CoreLogic is currently tracking more than 1900 auctions across the capital cities for the week ending May 26, which is more than double the amount from election week.
Of the 1933 upcoming auctions, 909 are set to be held in Melbourne, with the research firm's auction preview also revealing that busiest suburbs for auctions this week are in Victoria.
The next highest capital city is Sydney with 680, while Brisbane and Adelaide will host 131 and 121 auctions, respectively.
Ray White Victoria Chief Auctioneer Matt Condon said the weekend would be a good indicator of how the post-election market was travelling.
"In the lead up (to the election), a lot of people are talking about what effect it will have, so it will definitely be a different conversation this weekend," he said.
"I won't really know what those discussions look like until this weekend is over.
"With our auction volumes up for this week, I'm looking forward to seeing what the final results are."
Ray White Victoria Chief Auctioneer Matt Condon. Source: Facebook
They may have a higher volume, but Ray White Victoria will be hoping their clearance rate from the previous week stays the same.
The group recorded a clearance rate of 75 per cent from 55 scheduled auctions during the week of the election.
Mr Condon was hopeful of more strong participation this weekend.
"Good, active bidding is what we are always on the lookout for," he said.
"If people are actively participating, then the clearance rate is always quite good."
According to CoreLogic, the combined capital city final auction clearance rate for election week surpassed the previous week as the highest final weighted average result since September 2018, with 55.2 per cent of homes reported as selling.
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