Melbourne noticed the biggest variety of auctions, with 947 properties taken to market. The metropolis achieved a 76.6% preliminary clearance fee, its highest since May 2023. Only Adelaide reported a stronger outcome, with 77.5% of auctions recording profitable outcomes – the most effective outcome for the South Australian capital since early April.
Sydney adopted carefully with 789 auctions, returning a 73.5% early clearance fee. “This was Sydney’s highest preliminary clearance fee because the week ending February 23,” mentioned Fono, referring to the week following the primary Reserve Bank fee reduce this 12 months.
Brisbane reported a 66.7% clearance fee from 152 auctions, the town’s finest final result in over a month. The ACT, nevertheless, remained beneath the nationwide common, with 55.3% of 64 auctions returning optimistic outcomes.
Auction numbers are anticipated to stay regular this week, with about 2,080 houses scheduled. Volumes are prone to dip beneath 1,800 subsequent week, as colder climate and mid-winter holidays start to sluggish market exercise.
