Anzac Day commemorations have put the brake on Sydney and Melbourne’s rampaging auction markets.
Australia’s two biggest cities reported a combined 81 property sales last weekend, compared to about 2,000 the fortnight before, according to APM PriceFinder.
There were 30 property sales in Sydney at a clearance rate of 78.9 per cent.
The median price for house sales reached $882,000, which marked a 6.7 per cent increase on the corresponding weekend last year.
Melbourne’s auction market was more active, with 51 properties sold at a clearance rate of 86.4 per cent.
The median price for house sales jumped 30.3 per cent to $793,000.
Meanwhile, Adelaide and Brisbane had 17 properties listed for auction last weekend, but none were sold, according to APM PriceFinder.
[Related: The previous weekend's results]