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Auction clearance rates hit 15-month high

AAP logoAAP 5/09/2016

Auction clearance rates have lifted to their highest level for more than a year, a report from property market analytics firm CoreLogic says.

The proportion of homes sold after going to auction rose to 78.4 per cent over the week to Sunday, the highest clearance rate since May 2015, helped by a 19 per cent fall in the number of homes going under the hammer.

Mainland state capital city prices rose an average of 0.1 per cent, with Sydney and Melbourne posting small increases, and Brisbane/Gold Coast, Perth and Adelaide all recording falls.

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