In fact, auction numbers are higher than previous years, according to CoreLogic research director Tim Lawless.

"On average over the past five years for the first week of spring, we've seen 67 auctions held across Canberra," he said.

"So we are still seeing the auction market relatively buoyant ... despite the fact that the market is in a lockdown."

Josh Wilson of Luton Properties Weston Creek and Molonglo Valley is confident in this year's spring season, given the high levels of buyer and seller activity right now.

"At Luton, since lockdown we've had 31 auctions and we've sold 30 of those," he said.

"The appetite for buying properties hasn't died off at all, people are embracing the fact that they need to look online and have virtual inspections."

Mr Wilson has two properties going under the hammer this weekend, including 11/3 Felstead Vista, Denman Prospect, which is generating interest from first-home buyers and interstate investors. The two-bedroom contemporary terrace is expected to fetch in excess of $650,000.

"We've had 96 inquiries on it, so that kind of equates to [the interest] we would have had in the past at open homes," said Mr Wilson.

"My overall impression is that spring is going to be a very busy period for the Canberra real estate market."

Stephen Bunday of LJ Hooker Dickson is today conducting his first online auction for a property that no buyer has inspected in person.

"I've been doing this for 25 years and I've never had that before, so I'm excited but a bit daunted by it as well," he said.

But easing his nerves is solid buyer interest for the three-bedroom duplex at 19 Lowrie Street, Dickson.

"Based on recent sales in the area of similar two-storey, three-bedroom duplexes, it should probably crack $1,000,000," said Mr Bunday.

Despite strong buyer appetite, there are concerns about how the lockdown is affecting market supply and auction clearance rates.

According to CoreLogic data, 29.5 per cent of auctions in Canberra last week were withdrawn, up from 15.3 per cent on the previous week.

Mr Lawless said this demonstrates the true impact lockdowns have on buyer and vendor confidence.

"If we look back prior to lockdowns, the typical withdrawal rate in Canberra is generally around 5 per cent if not less than that, in fact there's plenty of weeks where not a single auction is withdrawn," he said.

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"It just highlights the sheer commitment that people need to make ... they really want to have the opportunity to inspect the property and turn the taps on, kick the tyres, so to speak."

The strong start to spring is a sign of things to come, according to Mr Lawless.

"Just before Canberra went into lockdown it was by far the strongest auction market," he said.

"I think as we start moving through spring, if we do start to see auction volumes lifting that will really test the depth of the marketplace and depth of demand, but I've got a good feeling that Canberra will continue to be one of the strongest markets around the country."

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