PHOTO: Auction clearance rates

Melbourne was host to 777 weekend auctions, with agents returning a preliminary clearance rate of 73.8 per cent.

It was the nation’s second strongest capital city result, falling just short of Canberra’s 73.9 per cent, according to CoreLogic.

Over the same weekend last year, Melbourne vendors secured a success rate of 51.8 per cent across 904 auctions.

Housing economist Dr Andrew Wilson noted Melbourne recorded a $790,000 median sale which was lower than the previous fortnight’s $812,000 but higher than the same weekend last year’s $738,750.

“With the spring holiday period now concluded, the Melbourne market will again be fully-focused over coming weekends until the Cup long-weekend holiday,” Dr Wilson, from My Housing Market, said.