Auction clearance rates are once again on the rise with the latest figures showing 65.9% of properties sold under the hammer in the past week.

Melbourne had the highest clearance rate of 75% followed by Adelaide, 69.7% and Sydney 61.9%, Canberra, 56.1%, Brisbane, 49% and Perth 46.2%.

CoreLogic predicts auction activity will hold steady this coming week with 1810 homes set to go to under the hammer.

Volumes are down on the same time last year (2940) with only 1815 scheduled auctions this coming week.

Sydney is expecting the busiest week with 718 homes scheduled for auction across the city, up 5.4% on last week.

At this stage Melbourne, which has been significantly impacted by flooding, has 695 homes set to go under the hammer, down 6.5% on last week and about half what was offered at the same time last year.

Brisbane will be the busiest smaller capital city with 162 auctions scheduled to occur this week.