Across the capital cities last week 2,962 auctions were held, the highest volume since the week prior to Easter and the second highest volume of auctions so far this year.
The preliminary auction clearance rate slipped a little on the higher volume, with 70.0% of results reporting a successful result so far, down from 71.3% over the previous week which revised back to 65.1% once finalised (the highest final auction clearance rate since July last year).
Melbourne recorded the most auctions, with 1,547 homes going under the hammer last week. This was the highest volume of auctions so far this year, above the week prior to Easter (1,382) and the highest since the last week of October 2024 (1,675), which was the week prior to the Melbourne Cup long weekend. Based on results collected so far, 72.4% of homes sold at auction, down from a preliminary clearance rate of 73.7% over the previous week (revised back to 66.0% once finalised). This was the fifth consecutive week where Melbourne’s preliminary clearance rate has held above the 70% mark.
1,062 homes were auctioned in Sydney last week, the third highest volume of auctions over the year-to-date. 69.9% of auctions have reported a positive result so far, down from 72.2% the week prior (finalised at 67.3% which was the highest final clearance rate for Sydney since August 2024).
Brisbane held the most auctions across the smaller capitals last week, with 153 homes going under the hammer and 64.9% reported sold.
Historical clearance rates utilise the final auction clearance rate, while the current week is based on the preliminary clearance rate
115 homes went to auction in Adelaide last week, with 55.4% reporting a successful result. This was Adelaide’s lowest preliminary clearance rate since November 2020.
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.
In the ACT there were 73 auctions held last week, with 56.1% reported as sold so far, down from a preliminary clearance rate of 61.1% the week prior (revised up to 62.5% on final numbers).
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.
The number of auctions held is set to reduce over the coming weeks, more than halving this week to around 1,330 due to the King’s Birthday long weekend in many states, before rising back to around 2,000 next week.
Download Property Market Indicator Summary
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.
Full profile