The preliminary clearance rate came in at 68.7% across the combined capitals last week, down from 69.1% the previous week (finalised at 63.0%), to be the lowest preliminary clearance rate since the week ending 9th February 2025 (67.4%).
There were 2,435 capital city homes taken to auction last week, down slightly week-on-week (2,472). This time last year was the week leading up to Easter, so auction activity was much higher across the combined capitals (3,519).
Across Melbourne, 1,249 homes were taken to auction last week, up from 1,192 the previous week. Melbourne’s preliminary clearance rate came in at 70.6%, up 30 basis points from the 70.3% rate recorded the week prior (revising down to 63.8% on final numbers).
837 homes went under the hammer in Sydney, down from 893 the previous week. The preliminary clearance rate slipped to 69.1% last week, after holding above the 70% mark for the past six weeks. The previous week’s preliminary clearance rate came in at 71.4% before revising down to 64.3% at final numbers
Historical clearance rates utilise the final auction clearance rate, while the current week is based on the preliminary clearance rate.
Brisbane hosted the most auctions across the smaller capitals, with 148 homes taken to auction. A preliminary clearance rate of 61.5% has been reported — the highest preliminary clearance rate the city has seen so far this year and up from 59.0% the week prior (which revised down to 52.2% on final numbers).
There were 113 auctions in Adelaide last week, returning an early clearance rate of 60.8%, the lowest preliminary clearance rate recorded so far this year. 76 auctions were held in the ACT last week, down from 87 the previous week. Of the results reported so far, 60.8% were successful, up from 57.4% one week earlier (revising down to 50.6% on final numbers)
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.
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.
There were just 10 auctions held in Perth last week, five of which have so far reported a successful result, while neither of the two auctions held in Tasmania have returned a successful result.
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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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