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    "Our clearance hit a 7 week high as bidder activity stabilised and week one open home attendance was also stronger last week," Mr McGlynn said.

    Week 1 of any property campaign is so critical and last week was definitely stronger with prospective buyers attending Ray White’s auction properties. Ray White data shows 5.3 groups attended auction open homes last week, compared to 3.65 at Ray White's private treaty open homes.

    "Registered bidders last week sat at 2.6 per property and active bidders held firm at 1.8. Week one open home attendance was the best we've seen in over a month, with 5.3 groups through the door on average. This is a positive sign," Mr McGlynn said.

    Last week, Ray White had 563 auctions scheduled across Australia and the group cleared 46.4 per cent of them under the hammer, up 2.1 percentage points on last week's figure. Auction day clearance remains six points below the three-month weekly average, and Mr McGlynn cautioned the number typically softens as final results come through. The prior week's preliminary of 47.3 per cent ultimately settled at 44.3 per cent.

    "We expect our clearance to ease by around two per cent once all our final results land, but the underlying trend last week is a genuine bounce back," he said.

    Mr McGlynn noted that while registration were up and active bidding held firm, other key indicators, reserve versus sale price, highest offer versus sale price, and the gap between passed-in results and reserve, were all slightly softer.

    "To me, that suggests our members are working hard to bridge the gap between buyers and sellers," he said. Other encouraging signs: properties that passed in on a high bid needed only a handful more buyers through the door to convert to an active bidder, bringing that category close to matching sold under the hammer results, while properties passing in with no bids at all pulled back, no longer running level with high-bid and vendor-bid outcomes.

    "Registrations and active bidding are the numbers that matter most here, because they don't move once final results are in," Mr McGlynn said.

    "A rise from 2.5 to 2.7 registrations with active bidding holding at 1.8 nationally is good. These are genuine positives, not something that will unwind with reporting lag."

    In the West, a hotly contested property at 11 Hotchin Street, Dalkeith, sold at auction for $500,000 over reserve on Saturday, shocking both the agent and the sellers.

    Four registered bidders and three active bidders battled it out for the four-bedroom home during the 40 minute auction. After 63 bids, the property eventually sold under the hammer for $4.601 million to a couple relocating back to Australia from the US.

    The property was marketed by Ray White Dalkeith | Claremont principal Vivien Yap on behalf of the sellers who were downsizing.

    “It was a really exciting auction and I did not expect the home to sell for the price we got,” Ms Yap said.

    “The sellers had lived there a while and had done a beautiful renovation. They really put their heart and soul into it and clearly the buyers could see that.

    “The sellers were blown away. They didn't know if the auction was for them initially, but they are over the moon with the result.”

    The seller, Matthew, said he couldn’t believe the result.

    “When we first bought the home we loved the aspect, the trees and a quiet street. We knew we were going to do a renovation to make the most of that with the big open-plan living design,” Matthew said.

    “We included some of the original character elements like the Jarrah flooring and beautiful cornices.

    “We had sold via the non-auction route before and didn't actually end up selling. I'm from the UK and in the UK auctions are generally reserved for deceased estates, and that’s not the same here.

    “Vivien explained the process and all the ways it could play out.

    “It seemed like a win-win situation.

    “We were a bit nervous about being at the house for the auction, but it was so exciting, it was ridiculous.”

    Ms Yap said there had been keen interest throughout the campaign.

    “The auction was destined for July 25, but we brought it forward because we could feel the buyers were ready. At the end we had bids of $1000, it could have been anyone’s for just an extra $1000 bid!”

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