Melbourne was the standout in last week's auction results, with agents attributing proactive bidding to an undersupply in the market.
Melbourne has been the pick of the major markets in auction results for the week ending June 23, with the city's final clearance rate likely to be its highest since May last year.
Data from CoreLogic shows Melbourne returned a preliminary clearance rate of 69.7 per cent from 644 auctions, in comparison with a final clearance rate of 64.9 per cent from 724 auctions the previous week.
According to the research firm, the city's clearance rate has increased for each week of June and is likely to remain above 65 per cent for the first time in more than a year.
Armadale was the top performing suburb with a 100 per cent clearance rate from seven auctions, followed by Williamstown which cleared all five of its listings.
Seven out of 11 listings sold under the hammer in Bentleigh East while Bentleigh, Craigieburn and Reservoir recorded six auction sales each.
Auctioneer Harry Li from iSell Group told WILLIAMS MEDIA an undersupply of property had made buyers more proactive in the Victorian market.
"We haven't really experienced increased confidence from the seller's side yet," he said.
"In the coming months, we hope sellers start activating and moving on with their plans."
Ray White Victoria and Tasmania Chief Auctioneer Matt Condon said winter was proving to be a great time to sell property.
"Properties in the sub-$600,000 have been very popular throughout the past week with first home buyers out in force," he said.
"It is also great to see that when a property has reached reserve and is being announced on the market, we are seeing a second wave of competition and bidding past that point, with buyers actively competing to secure the home."
Nationally, there were 1,480 homes taken to auction across the combined capital cities this week returning a preliminary clearance rate of 63.7 per cent.
Over the same week last year, auction activity was higher with 1,849 homes taken to auction returning a clearance rate of 55.5 per cent.
37 Coronation Street, Bardon - sold under the hammer with Justin Nickerson and agents Danielle Brown and Ken Wearing from Coronis Kelvin Grove. As seen on The Home Page.Sydney
A week after recording a preliminary clearance rate of above 74.9 per cent, Sydney's preliminary rate fell to 67.1 per cent across 551 auctions.
The city's final rate of 66.4 per cent from 534 auctions represents its highest since Easter last year.
This week’s final figure will be lower week-on-week, although it will likely hold above or close to 60 per cent.
One year ago, 641 auctions were held across Sydney returning a final clearance rate of 50.1 per cent.
Smaller markets:
Perth saw lower volumes week-on-week while all other cities saw an increase in auction volumes.
Brisbane recorded a preliminary clearance rate of 34.8 per cent from 114 auctions.
Apollo Auctions had an average attendance of 13 people with 2.1 active bidders.
Auctioneer Justin Nickerson said while registrations were again subdued, the percentage of those partaking in actual bidding was again strong.
"South East Queensland continued to meander through winter with the overall clearance continuing to hold its ground overall," he said.
"As the volume of auction numbers increase into July, it will be interesting to see how the buyers respond to increased choice."
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Improved clearance rates show sellers are adjusting to the market - CoreLogic