A preliminary weighted average clearance rate of 68.1 per cent was recorded this week across capital cities compared to 65.4 per cent last week and 66.9 per cent this time last year.
Based on the auctions conducted in the first six months of this year volumes have risen by a remarkable 38 per cent since 2013.
More people are selling homes by auction this year and this is a sign of a market that is performing well and delivering results for sellers and buyers.
Sydney continues to see the highest rates of sale at auction.
This week a preliminary clearance rate of 73.2 per cent was recorded compared to 70.1 per cent last week.
The improvements in the Melbourne property market over the last few weeks have been sustained with a preliminary clearance rate of 69.3 per cent recorded compared to 69.1 per cent last week.
The other states
In Brisbane, a preliminary clearance rate of 43.9 per cent was recorded compared to 32.2 per cent last week.
Adelaide recorded a clearance rate of 66.7 per cent compared to 59.7 per cent last week.
In Canberra a clearance rate of 63.6 per cent was recorded and in Perth there was a clearance rate of 50 per cent.
SUBSCRIBE & DON'T MISS A SINGLE EPISODE OF MICHAEL YARDNEY'S PODCAST
Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.
PREFER TO SUBSCRIBE VIA EMAIL?
Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.