Press Release
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July 14, 2025
Preliminary clearance rate holds above 70% for the fifth week running
There were 1,458 auctions held across the combined capitals last week, down from 1,794 the week prior and 1,512 this time last year. Last week was the lowest volume of weekly auctions since the King’s Birthday long weekend.
The preliminary auction clearance rate has slipped a little since reaching a year-to-date high three weeks ago (74.5%), coming in at 72.2% last week. However, this was the fifth week running where the preliminary clearance rate has held above 70% across the combined capitals.
Melbourne was the most active auction market last week, with 630 homes going under the hammer, down from 767 a week ago and roughly in line with the volume of auctions held a year ago (628). The preliminary clearance rate fell to 70.5% last week, the lowest in 12 weeks, but the eleventh straight week where the preliminary clearance rate has held above the 70% mark.
There were 578 homes taken to auction in Sydney last week, down from 685 the week prior but up relative to a year ago, when 560 homes were auctioned. The preliminary clearance rate strengthened last week, reaching 76.2%, the second highest clearance rate so far this year, behind the week ending 16th February (76.6%).
Across the smaller capitals, Brisbane hosted 103 auctions last week, the lowest volume in 12 weeks. Only 61.3% of auctions have reported a successful result so far, the lowest preliminary clearance rate in six weeks.
In Adelaide, 75 properties went to auction last week, with 75.6% returning a positive outcome based on results collected to date. The preliminary clearance rate was up from 65.7% over the previous week and is holding above the year-to-date average of 67.3%.
Canberra hosted 61 auctions last week, the lowest volume in six weeks. 68.0% have reported a successful result so far, down from 73.1% the week prior (revised to 69.6% on final numbers).
There were just nine auctions in Perth last week, with six of the seven results captured so far reporting a successful result. Two auctions were held in Tasmania last week, with the results yet to be reported.
We should see a subtle rise in auction volume this week, with around 1,520 capital city homes currently scheduled to go under the hammer, rising to around 1,690 next week.
Download the full Property Market Indicator - week ending 13 July 2025