Preliminary clearance rate continues to trend higher across combined capitals

Auction activity has picked up as we lead into spring, with 2,251 homes taken under the hammer last week, a 9.0% lift on the week prior and the highest number of auctions held since the first week of June (2,918).

The preliminary clearance rate has also continued trending higher, reaching 76.3% last week across the combined capitals. This is a full percentage point higher than the previous week prior (75.3%), which, once finalised (70.0%), was the highest final clearance rate since Feb 2024.

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In Melbourne, 1,124 homes were taken to auction last week, up 14.1% from the week prior. The preliminary auction clearance rate slipped a little, coming in at 74.9% compared with 75%+ early success rates recorded over the prior two weeks.

There were 825 auctions held in Sydney last week, up 13.2% on the week prior to be the highest weekly volume since mid-June (829). The preliminary clearance rate broke the 80% mark for the first time since April 2024, coming in at 80.3%.

While down 26.6% from the week prior, Brisbane led the smaller capitals for auction volume, with 124 homes going under the hammer last week. The preliminary clearance rate rose to 64.5%, up from 60.8% a week earlier.

Last week, 106 homes went to auction in Adelaide, a 7.1% rise compared with the week prior. Based on results collected so far, 75.0% have reported a successful outcome.

There were 63 auctions held in the ACT last week, down 16.0% on the previous week. So far, 76.7% of reported auctions have sold.

In Perth, three of the five auction results collected so far were successful, while the one auction result reported in Tasmania last week was passed in.

Auction activity is set to reduce a little this week, with around 2,150 auction events currently scheduled across the combined capitals, before rising to about 2,400 next week.

Download the full Property Market Indicator - week ending 31 August  2025

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