Australian capital cities had the second busiest week of auctions for the year with more than 2500 homes going under the hammer.

The number of homes in capital cities taken to auction in the week to Sunday, hit 2571 with a 74.1 per cent preliminary clearance rate, CoreLogic data reveals.

Housing auctions were up from the previous week’s 2412 homes and a final clearance rate of 70.6 per cent.

The market has bounced back from a 42 per cent clearance rate a year ago, when 2745 auctions were held across combined capital cities in Australia.

CoreLogic auction market commentator Kevin Brogan said the increase in auctions and sales was a sign of more movement to round off the year.  

“What we have seen is the second biggest auction week for the year but looking ahead, I would anticipate … that we are going to see a reasonably busy December,” he told AAP on Sunday.

“You are going to get three full auction weeks in December before Christmas and I expect volumes would be reasonably strong.”

Buyers are snapping up the limited supply of homes with most eager for a new rather than old property, he added.

“It is still fairly limited supply and there is a fairly robust demand,” he added.

In Melbourne, 1241 homes were taken to auction this week with a preliminary clearance rate of 77 per cent – making it the second busiest for the year in the city.

This compares to 1032 homes taken to auction returning a final clearance rate 71.7 per cent in the previous week.

First-home buyers going to apply for a government scheme to help them into a home in Melbourne next year, will compete with a 2.3 per cent price growth, Mr Brogan said.

In Sydney, 932 homes were taken to auction in the week with a preliminary clearance rate of 77.2 per cent, up from the previous week’s 76.8 per cent final clearance rate.  

Across smaller markets, Adelaide had an increase in auction volumes week-on-week while Brisbane, Canberra and Perth had fewer homes taken to auction.

There was no change in auction numbers for Tasmania.

CLEARANCE RATES BY CAPITAL CITY FOR THE WEEK:

Canberra: 79 per cent

Sydney: 77.2 per cent

Melbourne: 77 per cent

Adelaide: 60.6 per cent

Perth: 52.6 per cent

Brisbane: 45.1 per cent

Tasmania: not applicable