Final clearance rates – week ending 28 June 2026

Final Clearance Rates – week ending 28 June 2026

A cold month for the weighted clearance rate, closing at 45%

There were 1,748 combined capital city auctions in the week ending 28 June 2026. This is a 7.0% decline from 1,880 the previous week and 14.5% lower than the same week a year ago. The weighted average final clearance rate rose to 45.0%, up from 42.3% the previous week. This represents a 2.7 percentage point increase week on week, and it was the fifth consecutive week where the combined capitals clearance rate held below 50%.

Melbourne remained the largest auction market by volume with 807 auctions, accounting for 46% of all capital city auctions held last week. The volume of auctions was 12.6% below the 923 held the previous week and 16.1% below the 962 recorded a year ago. The clearance rate increased to 46.6% from 43.6% a week earlier but is still 21.6 percentage points lower than year ago levels (68.2%). Sydney was the next most significant contributor; its auction volume was steady at 631, slightly below the 642 of the previous weeks and 18.2% below the 771 held a year ago. Sydney's clearance rate rose to 43.1% from 41.7% but remains 24.1 percentage points below last year's 67.2%.

Among the smaller capitals, Adelaide was the only city to record auction volumes above both the previous week and the same time last year, with 116 homes taken to auction. This was up 24.7% from 93 the week prior and 28.9% higher than the 90 auctions held a year ago. The clearance rate also improved, rising to 53.4% from 48.4%.

Clearance rates rose slightly across Brisbane, rising to 36.8% from 35.4% the previous week. Despite the improvement, the result was the lowest of any capital city and remained well below year ago levels (67.4%). Auction volumes were softer, with 136 homes taken to auction, down 5.6% from 144 the week prior and 3.5%.

In Canberra, the clearance rate held steady at 41.3%, while auction activity declined across the smaller capitals. There were 46 auctions held across the city, down from 63 the previous week and 67 this time last year, representing declines of 27.0% and 31.3% respectively.

Across the remaining smaller markets, auction activity remained subdued. Perth recorded 12 auctions, three fewer than the previous week and unchanged from a year ago, while Tasmania recorded no auctions for the second consecutive week.  

Of the 1,748 auctions held across the combined capital cities, 662 were passed in and 299 withdrawn, resulting in about 55% of vendors leaving without a sale. Sydney recorded the highest number of withdrawals at 162, while Melbourne had the highest pass-in count at 327.

The consistent downward trend in the weighted average clearance rates across an eight-week period, from 52.4% to 45%, highlights a genuine trend rather than short term fluctuations. The weekly results are consistent with the June Home Value Index (HVI) release, which reported the largest monthly drop since December 2022. Sydney and Melbourne, with the weakest clearance rates and largest annual declines in volume, also led value decreases at 1.2% and 1.0% for the month.  June was challenging for sellers, as more than half of auctioned properties did not sell, withdrawal rates were elevated, and clearance rates declined in most capitals. The market ended June with the softest conditions of the reporting period occurring in the second half of the month.

Auction Market Preview – week ending 5 July 2026

Melbourne drives a softer week for combined capital auctions

Approximately 1,490 homes are scheduled for auction across the combined capitals this week. This represents a 14.6% decrease from last week’s 1,748 auctions and is 16.8% lower than the 1,794 held during the same week last year.

Melbourne accounts for the largest share, with approximately 570 auctions scheduled. This is a 29.7% decrease from 807 last week and 26.1% below the 767 held a year ago. Sydney remains relatively stable, with around 630 auctions scheduled compared to 631 last week, but volumes are still 8.6% lower than the 685 recorded in the same week last year.

Results among the smaller capitals are varied. Adelaide is scheduled for around 110 auctions, a 6.0% decrease from last week’s 116 but 6.9% higher than the 102 held a year ago, making it the only capital above 2025 levels.  

Brisbane has approximately 120 auctions, down 13.2% from last week’s 136 and 25.3% below last year’s 158. Canberra has just over 60 auctions, a 37.0% increase from 46 last week but still 8.7% below last year’s 69.

Perth has 10 auctions scheduled, compared to 12 last week and 11 a year ago. Tasmania has no auctions listed this week, compared with two in the same week last year. Auction volumes in Perth and Tasmania remain low, so percentage changes should be interpreted with caution.

In summary, the auction market is entering July at levels well below the same period in 2025, with most capitals showing declines.

Auction volumes are expected to decline further in the coming weeks, reflecting seasonal and cyclical trends. Cotality projects about 1,300 homes will be auctioned in the following week, approximately 13% below this week's total, with further seasonal declines likely as winter continues.

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