Home Prices Rose Most because of Cheap Finance

The figures show an average clearance rate for those four cities combined was 75.7 per cent.

That was up from 71.5 per cent the previous week, despite a near-doubling of listings as the market resumed after the holiday break.

And it was well up from the 62.2 per cent clearance rate for the corresponding week a year before, despite a 39 per cent rise in the number of properties listed for auction.