The number of successful property auctions rose across Australia last week but sellers in capital city markets are not flooding the market, with property listing numbers generally still below where they were a year ago.
Across all capitals for the week to February 19, the auction clearance rate was 77 per cent, data from CoreLogic shows, higher than the 71.8 per cent success rate for the same week in February, 2016.
As the number of property listings remains subdued, prices have risen over in the past year across the biggest markets of Sydney, Melbourne, Brisbane and Adelaide - led by Sydney with 17.4 per cent - but have fallen in Perth, where home values retreated 3.3 per cent.
And, while the number of properties offered for sale rose in Sydney and Melbourne compared to the previous week, offerings were constrained in other capitals and the 2,280 auctions nationwide was down on the 2,347 a year ago.
