Selling season heats up across combined capitals

The preliminary auction clearance rate reached a four-week high, rising to 73.8% last week, up from 73.0% the previous week (revised down to 68.2% on final numbers) and a recent low of 71.4% through the last week of September.

From a volume perspective, the selling season is heating up, with 2,662 homes taken to auction last week, the highest weekly number of auctions since the week ending June 1st, 2025 (2,918).

Auction activity is set to rise further, with more than 3,200 homes scheduled to go under the hammer this week before dropping back to around 2,180 next week as Melbourne pauses for the Spring Racing Carnival.

Across the capital cities, Melbourne hosted the most auctions, with 1,168 homes taken to market, down 6.5% from the previous week when 1,249 homes were auctioned. The preliminary clearance rate came in at 74.4%, the highest result in four weeks but still well below the spring high of 78.6% recorded over the week ending September 21st.

1,082 auctions were held in Sydney last week, a 9.5% rise on the previous week (988). This is not only the second highest volume through spring so far, but also just the fourth time this year where Sydney has hosted more than 1,000 auctions. The preliminary clearance rate held up well under the higher volume, coming in at 74.5% last week, a four-week high.

Brisbane led the smaller capitals for the number of auctions held, with 198 homes going under the hammer last week, the third highest volume of auctions held so far this year. The preliminary clearance rate of 70.7% was the highest in five weeks.

104 homes were auctioned in the ACT last week, down 1.9% from the week prior. 66.2% have been reported as successful so far, up from 61.5% the week prior but well down on the spring high of 81.3% recorded over the week ending September 21st.

96 homes went to auction across Adelaide last week, level with the previous week. 77.4% of auctions have reported a positive result so far.

Only 14 auctions were held across Perth last week, while there were no auctions in Tasmania.

Download the full Property Market Indicator - week ending 19 October 2025

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