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Auctions pick up pace but home prices flat

Auction clearance rates have significantly lifted over the past week across Australia's five major capital cities.

Nearly 3,200 homes went up for auction in the week to February 24 with a preliminary clearance rate of 70.5 per cent, property research group CoreLogic says, an improvement from 2,000 auctions and a clearance rate of 69.1 per cent in the prior week,

Home values were largely flat for the week but the past month shows a slight negative trend across all the capitals, with Sydney showing the largest dip of 0.6 per cent.

Topics: Values / Prices

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