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Sydney's auction market remained muted as the city remains in lockdown, according to the latest report from CoreLogic.
Over the weekend, the city hosted only 661 auctions. This was down by 17% from the initial number of auctions scheduled for the weekend. The limited number of auctions has kept the city's clearance rate steady at 76.5%, still higher than Melbourne's 75.3%.
The Victorian capital registered 1,007 auctions during the same period, slightly higher than the previous weekend. This was a huge improvement from last year's 506 auctions.
Across smaller capital cities, Canberra maintained its position as the best-performing market after it hosted 84 auctions that turned a clearance rate of 90%.
Overall, the auction activity across the capital cities remained steady, with around 2,121 properties going under the hammer. More than three quarters of these auctions went into a successful sale.
The table from CoreLogic below shows the latest performance of auction markets in Australia:
