Preliminary results show the second highest clearance rate for the year
Auction activity increased across Australia’s capital cities last week, with 1,574 homes going under the hammer, according to data from property analytics firm Cotality.
This represents a 9.9% rise from the previous week’s 1,432 auctions, though volumes remain 11.4% lower than the same period last year.
The preliminary auction clearance rate reached 74.4%, up from 72.2% the week before. This marks the second highest preliminary rate recorded so far in 2025, just behind the final week of June, and continues a six-week streak of preliminary rates above 70%.
Cotality’s Property Market Indicator also listed 678 auctions in Melbourne last week, an increase from 628 the previous week. Of these, 76.7% have been reported as successful, the highest preliminary clearance rate for the city since May 2023. “This is a solid rise on the previous week,” said Caitlin Fono, analyst at Cotality. “It’s the highest preliminary clearance rate for the city since May last year.”
In Sydney, 587 homes were auctioned, up from 556 the week before. The city’s preliminary clearance rate was 74.8%, slightly down from 76.2% the previous week, but still above the 70% mark for the sixth consecutive week.
Brisbane led the smaller capitals with 155 auctions, and a preliminary clearance rate of 68.4%, up from 61.3% the week prior. Adelaide recorded 90 auctions, with 71.7% reported as successful. The ACT held 55 auctions, returning a preliminary clearance rate of 65.8%.
Perth saw six homes go to auction, with two of the three reported results being successful. In Tasmania, two of three auction results have been collected so far, with one property selling.
Looking ahead, around 1,710 homes are scheduled for auction across the capital cities this week.
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