There were 3,356 capital city homes taken to auction last week, the second busiest auction week since the week prior to Easter 2022 (4,035), behind w/e 29th October 2023 (3,381). The preliminary clearance rate came in at 72.3%, -1.7 percentage points lower than the previous week’s preliminary clearance rate of 74.0% (revised down to 66.7% once finalised).
Sydney saw a slight improvement in the preliminary clearance rate week-on-week, with 75.9% of auctions returning a successful result so far, up from 74.8% over the previous week (revised to 66.5% on final numbers). With 1,176 homes taken to auction across the city, last week was Sydney’s busiest auction week since the week prior to Easter 2022 (1,490).
Capital City Auction Statistics (Preliminary)
Melbourne’s preliminary clearance rate dropped below the 70% mark for the second time this year at 69.4% (down from 72.4% last week which revised down to 66.4% on final numbers). There were 1,636 homes taken to auction across the city last week, the busiest week since w/e 29th October 2023 (1,725).
Across the smaller capitals, Brisbane recorded the busiest auction week, with 242 homes taken to auction, followed by Adelaide (185), Canberra (102), Perth (14) and Tasmania (1). Adelaide recorded the highest preliminary clearance rate at 79.4%, followed by Canberra (71.6%) and Brisbane (71.2%). Three of the seven auctions reported in Perth so far were successful, while the one auction in Tasmania was withdrawn.
Capital City Auction Statistics over time
Historical clearance rates utilise the final auction clearance rate, while the current week is based on the preliminary clearance rate.
This week will see auction volumes drop due to the Easter long weekend, with around 900 capital city homes currently scheduled for auction. In comparison, Easter 2023 saw 652 auctions held, while Easter 2022 saw 926 homes taken to auction across the combined capitals.
Capital City Auction Statistics (Preliminary)
The above results are preliminary, with ‘final’ auction clearance rates published each Thursday. CoreLogic, 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.
Sub-region auction statistics (preliminary)
CoreLogic, 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.
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