28/06/2026
Cotality Australia has reported the preliminary auction clearance rate edged a little higher this week, rising to 49.2%, from 47.4% a week ago (revised down to 42.3% once finalised). This was the second consecutive week where the preliminary clearance rate has held below 50%.
Considering the revision between the preliminary and final auction clearance rate has averaged 5.0 percentage points over the past four weeks, we are likely to see the auction clearance once again finalise in the low 40% range.
Adelaide and Brisbane buoyed the preliminary clearance rate, where there was a rise in the share of successful auctions, while the two majors, Melbourne and Sydney, recorded a slightly lower preliminary clearance rates over the week.
21.5% of auctions were withdrawn from the market this week, a smaller portion than last weekโs preliminary reading of 23.6%, and 41.3% of successful auctions were sold prior to going under the hammer.
With 1,771 homes taken to auctions, volume was down a further 5.8% this week and tracking 13.4% lower than at the same time a year ago. After holding higher than last yearโs levels through most of the year, since mid-May, the volume of auctions has held consistently lower year on year, indicating cyclical factors are at play as vendors rethink their selling plans amid persistently weak clearance rates.
ยท Melbourne led the auction activity this week, with 815 homes taken to market (11.5% lower than a week ago and 15.3% down on levels one year prior). So far, 50.2% of auctions have reported a successful outcome, down from 50.6% the week prior (revised down to 43.6% once finalised) and the lowest preliminary clearance rate since the week ending September 5th, 2021 (44.5%) when Melbourne was enduring its 6th period of strict lockdowns.
ยท Sydneyโs preliminary clearance rate fell to 47.3% this week, only 0.1 percentage points lower than a week ago (47.4%, which revised down to 41.7% once finalised), but the lowest early outcome since the week ending April 19, 2020. 642 auctions were held this week in Syndey, level with a week ago and 16.7% lower than at the same time last year.
ยท 139 auctions were held in Brisbane this week, 3.5% lower than a week ago and 1.4% down on last year. The preliminary clearance rate rose 6.0 percentage points this week, but at 39.3%, this was the lowest early success rate of any capital city.
ยท The volume trend in Adelaide has bucked the broader softening pattern, with 115 auctions held this week, a 23.7% lift on last weekโs volume and almost 28% more than a year ago. The preliminary clearance rate also bounced higher, reaching 68.7%, the highest early outcome in five weeks.
ยท Only 47 auctions were held in Canberra, with 39.5% recording a successful result so far.
ยท Perth recorded 13 auctions, with four reported as sold, and Tasmania held no auctions.