Australian Property Monitors has shown the weekend auction results, showing a steady increase of the National auction clearance rate at 70% for August 2013.
Sydney still has the most expensive median value at $690,064 for June this year. Melbourne median prices have increased at 30% for the past 15 months.
For week ending September 28, 2013, Sydney posted an 81.5% clearance rate from 448 properties, Adelaide at 76% of 15 properties, Melbourne at 76% of 32 properties and Brisbane at 46% out of 49 properties that were purchased under the hammer.
Read more about this on APM Home Price Guide website.