February 2014 auction sales strength sustained through Sydney and Melbourne's super Saturday

Melbourne notched up a preliminary 75% clearance rate after 1044 auctions were reported to the REIV today. Some 1320 auctions were scheduled.

It compared to the revised 70 per cent tally for last weekend - down from the initial 72% figure - and 72 per cent the same  weekend last year.

Enzo Raimondo, the REIV chief, said next weekend the REIV expects around 1,290 auctions.

APM reported a preliminary 86% success rate across Sydney, from 537 results. There were 775 plus scheduled Sydney auctions.

For the third successive weekend Sydney's revised prior weekend tally dipped to just below 80%, a none-the-less remarkable result. 

There are 666 scheduled auctions next weekend, March 1 across Sydney, according to APM senior economist Dr Andrew Wilson.

Melbourne's dearest sale was 29 Sussex Street, Brighton at $3,600,000.

Sydney's was a bullish Kirribilli apartment result.

Melbourne's cheapest sale was $150,000 for 1957-1963 Western Highway, Rockbank, near Melton.

A two bedroom unit at 20/34 Addlestone Road, Merrylands selling at $318,000 was Sydney's cheapest recorded sale.

It was the first Sydney-Melbourne super Saturday combo for 2014 so media interest was intense. More than 700 auctions in Sydney and 1000 in Melbourne constitutes a so-called super Saturday.

New auction season sees fierce bidding on first Super Saturday. @SylviaJeffreys has more #9NewsAt6 pic.twitter.com/RmTjdLuClL