Only 652 auctions were held across the combined capitals last week, a sharp drop from the week prior to Easter where 3,066 homes were auctioned. The drop in activity is typical over the Easter long weekend, but activity was well down on the Easter period a year ago when 901 homes were auctioned.
With the lower volume, last week’s preliminary auction statistics should be interpreted with some caution.
The preliminary clearance rate across the combined capitals fell to 64.7% last week, the lowest so far this year (excluding the volatile January results), and down slightly from the previous week (64.8% which revised down to 59.9% on final numbers).
Historical clearance rates utilise the final auction clearance rate, while the current week is based on the preliminary clearance rate.
Sydney hosted the most auctions last week, with 358 homes going under the hammer, down from 414 auctions over the Easter period a year ago. The preliminary clearance rate rose a little, coming in at 67.9%, compared with 65.5% the previous week, but the fifth week running where the early clearance rate has been sub-70%.
153 homes went to auction in Melbourne last week, down from 283 held over the Easter period in 2024. The early clearance rate dropped sharply, falling to 61.1%, which was the lowest preliminary result since September last year.
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 capitals, Brisbane was home to 60 auctions, returning a preliminary clearance rate of 55.0%. Adelaide saw 51 homes go under the hammer and a 68.6% clearance rate, while 28 homes were auctioned in the ACT with a 55.6% clearance rate so far. There were only two auctions in Perth, with one reported as successful so far, while no auctions were held in Tasmania last week.
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.
Auction volume should bounce back to around 1,060 this week before rising to around 1,480 the week after, however post-Easter auction activity is normally lower than pre-Easter until the spring season commences.
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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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