Australia's auction markets reported a significant decline in terms of activity due to the long weekend, but clearance rates still held up, figures from CoreLogic show.
Over the weekend, capital cities held 1,456 auctions, down from last weekend's 3,026.
"The fall in auction volumes this week is likely due to the fact that four of the eight states and territories have a public holiday," CoreLogic analyst Jade Harling said.
Despite the lower volume, the preliminary auction rate across the combined capital cities ended at 74.8%, up from the previous week's 73.9%.
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Sydney led the pack in terms of numbers, reporting the busiest market with 811 auctions and a success rate of 82.6%.
In Melbourne, the auction volume declined to 404, which returned a preliminary clearance rate of 68.6%. Still, the Melbourne auction market reported better figures than last year's 216 market activity and 49.2% success rate.
Canberra posted a 66.7% clearance rate, making it the highest preliminary result across the smaller cities, followed by Adelaide (63.8%), Perth (58.3%) and Brisbane (53.2%).
The table below shows the performance of each capital city:
