Clearance rates reach four-week high amid increased activity in major cities
Auction activity across Australia’s combined capital cities has continued to build, with the preliminary clearance rate rising to 73.8% last week, according to new figures from Cotality.
This marks a four-week high, up from 73% the previous week and above the recent low of 71.4% recorded at the end of September.
A total of 2,662 homes were auctioned last week, representing the highest number of auctions since early June, when 2,918 properties went under the hammer.
Looking ahead, auction volumes are expected to increase further, with more than 3,200 homes scheduled for sale this week. Activity is forecast to ease to around 2,180 auctions next week as Melbourne takes a break for the Spring Racing Carnival.
Melbourne remained the busiest auction market, with 1,168 homes offered for sale. This is a 6.5% decrease from the previous week’s 1,249 auctions. The city’s preliminary clearance rate reached 74.4%, the strongest result in four weeks, though still below the spring peak of 78.6% reported in late September.
Sydney hosted 1,082 auctions last week, a 9.5% increase from 988 the previous week. This is the second highest weekly total for the city this spring, and only the fourth occasion this year that Sydney has seen more than 1,000 auctions. The preliminary clearance rate in Sydney was 74.5%, also a four-week high.
Among the smaller capitals, Brisbane recorded 198 auctions, the third highest weekly figure for the city in 2025. The preliminary clearance rate in Brisbane reached 70.7%, the highest in five weeks.
In the ACT, 104 homes were auctioned last week, a slight decrease of 1.9% from the previous week. The preliminary clearance rate rose to 66.2%, up from 61.5% the week before, but remains below the spring high of 81.3% seen in late September.
Adelaide saw 96 auctions, unchanged from the prior week, with 77.4% of results reported as successful. Perth recorded 14 auctions, while no auctions were held in Tasmania.
Want to be regularly updated with mortgage news and features? Get exclusive interviews, breaking news, and industry events in your inbox – subscribe to our FREE daily newsletter. You can also follow us on Facebook, X (formerly Twitter), and LinkedIn.
