The number of properties taken to auction fell to 1,786 last week, the lowest since the King’s Birthday long weekend four weeks prior, but slightly higher than at the same time last year (1,776).
73.1% of homes have reported a successful result so far, down from 74.5% the week prior (revised down to 67.9% which was the highest final clearance rate since March 2024). The preliminary auction clearance rate has held above the 70% mark for the past four weeks and across eight of the past ten weeks.
Melbourne hosted the most auctions last week, with 756 homes going under the hammer, a sharp fall from the week prior when 962 homes were taken to auction. 75.5% of Melbourne auctions have reported a positive result so far, up from 75.2% a week earlier which revised back to 68.2% once finalised. Melbourne’s preliminary clearance rate has held above the 70% mark consistently for the past ten weeks and above 75% over the past three weeks.
Historical clearance rates utilise the final auction clearance rate, while the current week is based on the preliminary clearance rate.
691 homes went under the hammer in Sydney, down from 771 auctions held a week earlier. The preliminary auction clearance rate came in at 72.5%, one percentage point down from the week prior (73.5%) which revised back to 67.2% on final numbers. Sydney’s preliminary auction clearance rate has held above 70% for the past four weeks but has consistently tracked below Melbourne’s.
Brisbane led the volume of auctions across the smaller capitals, with 155 homes taken to market last week. 70.8% of properties have sold based on results reported so far, down from 76.1% the previous week and the second week running where the preliminary clearance rate has been above 70%.
The above results are preliminary, with ‘final’ auction clearance rates published each Thursday. Cotality, on average, collects 99% of auction results each week. Clearance rates are calculated across properties that have been taken to auction over the past week.
There were 102 homes auctioned in Adelaide last week, with 65.7% of results reported as successful so far.
Across the ACT, 69 auctions were held last week, with a preliminary clearance rate of 73.1%, the highest since the second week of March 2025.
Cotality, on average, collects 99% of auction results each week. Clearance rates are calculated across properties that have been taken to auction over the past week.
Three of the five auction results reported in Perth last week were successful, while the one auction result reported in Tasmania was not.
The volume of auctions is set to fall further this week, with approximately 1,445 capital city homes currently scheduled for auction, rising to around 1,500 next week.
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Meet Caitlin Fono
Sr Associate, Research Support
Caitlin has spent more than a decade working with property data and analytics in various roles, earning a position on the CoreLogic research team in 2013. As a respected and highly experienced research analyst, Caitlin works with high frequency data sets, regularly updating our widely read auction reporting, weekly activity updates and customised data briefs.
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