Melbourne and Sydney continue to perform strongly, with last weekend’s auction clearance results tipping 70 per cent in both cities. Melbourne continues to position itself as a force to be reckoned with, recording a clearance rate of 80.9 per cent and a median house sale value of $415,000. Similarly, Sydney also performed well last weekend with a clearance rate of 73.1 per cent.

The Australian property market continues to defy the odds, posting stellar auction clearance results over the weekend. According to statistics from RP Data, Melbourne posted an auction clearance rate of 82.7 per cent.

Just because a home is advertised for auction does not mean you have to wait until the day of the auction to make an offer for it.