There were 2,820 homes taken to auction across the combined capitals last week, the highest weekly volume of auctions held since the week ending December 1st last year.
Alongside the lift in auction volume, the trend in clearance rates has also continued to rise, with the preliminary success rate coming in at 72.1% last week, up from 71.2% the previous week (revised down to 63.8% on final numbers) and the second week running where the preliminary clearance rate has come in above the 70% mark. This was the highest preliminary clearance rate since the last week of July 2024 (72.2%).
Melbourne recorded the most auctions, with 1,467 homes going under the hammer last week – the highest weekly volume since the last week of October 2024. 72.1% of auctions have been reported as successful so far, up from 70.7% the previous week (revised back to 63.7% on final numbers). This is the highest preliminary clearance rate Melbourne has seen since the week ending July 14th last year.
Historical clearance rates utilise the final auction clearance rate, while the current week is based on the preliminary clearance rate.
959 homes went under the hammer in Sydney last week, the highest volume since the week ending December 1st last year. Despite holding above the 70% mark for the third consecutive week, last week’s early success rate eased to 74.4%, down from 76.6% a week earlier (revised down to 67.2% once finalised).
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.
Across the smaller auction markets, Adelaide hosted the most auctions at 151, with 71.6% reported as successful so far - the highest since the last week of January earlier this year. 138 homes were taken to auction in Brisbane, with the city recording the lowest preliminary clearance rate of any capital at 53.1%. 88 homes were taken to auction in Canberra with a 70.7% preliminary clearance rate which is the highest rate since the week ending October 13th last year.
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.
The volume of auctions is set to reduce a little this week, with approximately 2,540 auctions currently scheduled across the combined capitals
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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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