Melbourne has recorded its seventh week in a row in which its preliminary clearance rate held above 70 per cent, while Brisbane and Adelaide’s remain low as their property markets lose momentum, Cotality research shows.
Nationally, 70.1 per cent of 2216 homes that went under the hammer this week sold, after the rate dropped to 59.9 per cent on the King’s Birthday long weekend.
There were 836 auctions held across Sydney, reporting a clearance rate of 70.5 per cent – the first clearance rate above 70 per cent in three weeks and only the second time in 13 weeks.
Melbourne recorded 1030 auctions and a 72.2 per cent clearance rate, up from 71.5 per cent the week prior.
Tim Lawless, research director at Cotality, said there was growing evidence that Melbourne had moved through an inflection, becoming one of the nation’s stronger markets from a clearance rate perspective.
Source: https://www.afr.com/property/residential/melbourne-and-sydney-auction-markets-heat-up-20250615-p5m7hu