Canberra's property market has showed no sign of letting up, with another near record week for auction clearance rates.
Data from CoreLogic showed a preliminary auction clearance rate of 97.7 per cent for the week to April 25. That's despite the majority of auctions held in the capital falling on a long weekend.
Of the 44 auctions where results were collected that were held last week, 43 of the homes cleared.
Canberra had the highest auction clearance rate of any major capital city in the country in the past week.
Sydney had the next highest clearance rate, with 82 per cent of the city's 632 properties up for auction being sold.
That was followed by Brisbane with 76.2 per cent, Melbourne just behind with 76.1 per cent and Adelaide with 72.5 per cent.
The highest sale at auction in the ACT during the past week was a four-bedroom home in Yarralumla on Hopetoun Circuit, which went under the hammer for $1.95 million.
That was followed closely by a three-bedroom property in the same suburb on Francis Street that sold for $1.91 million. Of the homes that went to auction on Saturday, 94.4 per cent of properties were cleared.
It's a marked difference from the same time last year, where initial COVID-19 restrictions led to fewer auctions in the capital.
During the same week in 2020, just 31 auctions were held with 57 per cent clearing.
