Auction activity across most capital cities continued to strengthen with the number of auctions held jumping significantly over the week ending 30 August.

Melbourne recorded a 29% increase in the number of auctions to 698. Sydney was up by 8% to 435, while Brisbane saw an increase of 18% to 98 over the same period.

Canberra achieved a 100% auction clearance rates while Melbourne and Sydney recorded 81.9% and 77.4% clearance rates respectively.

Auction results week ending 30 August