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The combined capital clearance rate has risen to its highest level since October, reflecting a growing alignment between vendor and buyer expectations and an end to the festive period slump.
CoreLogic’s latest Property Market Indicator Summary revealed that auction markets have cleared the festive period slump, as combined capital clearance rates reach their highest levels since October 2024.
Last week, 1,712 homes went to auction across Australia’s major cities, a substantial increase from 1,390 in the first week of February.
It also represents year-on-year growth, with 1,642 auctions recorded in the same week last year.
The data indicates a current clearance rate of 67.4 per cent, though CoreLogic explained that this will trend lower as more sales data from the weekend is collated.
The number of homes going under the hammer is projected to surge next week with 2,450 auctions currently scheduled.
Of the major capitals, Melbourne saw a clearance rate of 68.4 per cent with 685 homes taken to auction, representing the city’s highest clearance rate for 2025.
Meanwhile, 642 houses went under the hammer in Sydney, recording a 73 per cent clearance rate. It represents the city’s highest clearance rate since early September.
Moving north, Brisbane saw 211 homes go to auction with a clearance rate of just over half (50.7 per cent). It represents a drop from 58.7 per cent the week prior.
Adelaide saw a clearance rate of 63.3 per cent, an increase from 61.7 per cent (revised to 65.3 per cent), and Canberra saw a 64.1 per cent clearance rate – a decrease week-on-week from 68.7 per cent (revised to 57.7 per cent).
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