Preliminary clearance rate holds above 70% for eighth consecutive week

There were 1,581 homes taken to auction across the capital cities last week, down 7.5% from the week prior and 11.1% lower than the same week a year ago. The lower number of auctions follows a similar trend as new listings more broadly, which have held at below average levels through most of the year.

The combined capitals preliminary clearance rate slipped a little last week, coming in at 72.3%, down from 74.7% the week prior which was the highest preliminary clearance rate since July 2024. Despite the slip, this was the eighth consecutive week where the preliminary clearance rate has held above the 70% mark.

In Melbourne, 739 auctions were held last week, down 6.0% from the week prior. The preliminary clearance rate, at 71.8%, was the lowest in three weeks but has held above the 70% mark since the first week of May.

Sydney hosted 568 auctions last week, 4.9% lower than the previous week. Based on results received so far, 74.9% of Sydney auctions were successful, the third highest preliminary clearance rate through the year-to-date and the eighth consecutive week where the early clearance rate has held above the 70% mark.

There were 128 homes taken to auction in Brisbane last week, down from 187 a week earlier and the preliminary clearance rate held above 70% (71.1%) for the second week running.

In Adelaide, 83 homes went to auction last week, up from 80 the previous week. The preliminary clearance rate was 65.1%, the lowest since the week ending June 8th (60.3%).

There were 55 auctions held across the ACT last week, a 12.2% rise on the previous week when 49 homes went under the hammer. The preliminary clearance rate slipped to 65.8%, down from 73.7% the week prior.

Just eight auctions were held in Perth last week, with two of the three results collected so far reporting a successful result. There have been no auctions in Tasmania for the past two weeks.  

Auction numbers are set to hold relatively firm this week, with approximately 1,570 homes currently scheduled to go under the hammer, rising to around 1,900 next week.

Download the full Property Market Indicator - week ending 3 August  2025

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