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Home prices, clearance rates edge upwards

AAP logoAAP 12/12/2016

Housing auction clearance rates around the country have edged up again, accompanied by capital city prices inching higher for a 9.7 per cent gain compared to the same time a year ago.

The average clearance rate - the proportion of auctions ending with a sale - rose to 74.6 per cent of 3,411 auctions in the week ending Sunday, up from the previous week's clearance rate of 72.3 per cent, property market analytics firm CoreLogic said.

"Auction activity does not appear to be slowing through the festive period, with auction numbers reaching the highest level since March earlier this year," CoreLogic said.

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