House prices across Australia's five major capital cities were flat last week with the number of auctions and the clearance rate down from the same period a year ago.
On an annual basis, home prices were down 3.8 per cent in Sydney in the week ending May 13, while they were 3.3 per cent higher in Melbourne, 0.7 per cent higher in Brisbane and Adelaide and 2.2 per cent lower in Perth, data by CoreLogic property group shows.
About 2,245 homes went under the hammer last week across the nation's capital cities with a preliminary auction clearance rate of 61 per cent, down from 2,409 homes and a clearance rate of 72.8 per cent in the same week a year ago.
