Key takeaways
Capital city auction clearance rates were generally lower over the past week as the usual early autumn selling season super surge of auctions provided more choices for buyers and more competition for sellers.
The national weekend auction market reported an average clearance rate of 65.7% over the past week which was well below the 70.7% reported over the previous week but again higher than the 62.6% reported over the same week last year.
High auction listings over the past week have challenged buyer depth particularly in Melbourne with the usual pre-Labour Day holiday flood of auctions. Overall auction numbers will be lower over coming weeks due to holiday distractions.
Capital city auction clearance rates were generally lower over the past week as the usual early autumn selling season super surge of auctions provided more choices for buyers and more competition for sellers.
| Capital City | This Week | Last Week | Same Week Last Year | |||
|---|---|---|---|---|---|---|
| Auctions | Rate | Auctions | Rate | Auctions | Rate | |
| Sydney | 1489 | 70.3% | 1283 | 71.6% | 1291 | 74.3% |
| Melbourne | 1634 | 68.3% | 1257 | 67.6% | 1362 | 66.7% |
| Brisbane | 170 | 52.8% | 143 | 61.6% | 159 | 39.0% |
| Adelaide | 156 | 74.4% | 156 | 89.2% | 169 | 73.4% |
| Canberra | 141 | 62.7% | 141 | 63.6% | 96 | 59.5% |
Source: My Housing Market
The national weekend auction market reported an average clearance rate of 65.7% over the past week which was well below the 70.7% reported over the previous week but again higher than the 62.6% reported over the same week last year.
High auction listings over the past week have challenged buyer depth particularly in Melbourne with the usual pre-Labour Day holiday flood of auctions. Overall auction numbers will be lower over coming weeks due to holiday distractions.
Sydney auction results
Note: Sydney auction clearance rate down again.
Sydney’s auction clearance rate was again lower over the past week as listings surge, but results continue to favour sellers generally.
Sydney recorded a clearance rate of 70.3% over the past week which was lower than the 71.6% recorded over the previous week and also again lower than the 74.3% reported over the same week last year.
Early year auction numbers continue to surge with 1489 homes reported listed versus the 1283 auctioned over the previous week and higher than the 1291 reported over the same week last year.
Sydney recorded a median price of $1,940,000 for houses sold at auction over the past week which was lower than the $2,087,500 recorded over the previous week and also 6.3% lower than the $2,070,000 reported over the same week last year.
The Lower North recorded the highest regional clearance rate over the past week at 77.4% followed by the Northen Beaches at 76.6% and the City and East at 70.4%. The Central Coast again reported the lowest clearance rate at 57.1%.
The clearance rate for houses was 66.4% with units higher this week at 80.6%.
Sydney regions weekly auction results - February 28th
| Region | Results | Clearance Rate | Median |
|---|---|---|---|
| Canterbury Bankstown | 37 | 64.9% | $1,515,000 |
| Central Coast | 7 | 57.1% | $1,541,750 |
| City and East | 108 | 70.4% | $1,700,000 |
| Inner West | 101 | 64.4% | $1,931,000 |
| Lower North | 84 | 77.4% | $1,256,250 |
| North West | 34 | 67.6% | $1,595,000 |
| Northern Beaches | 47 | 76.6% | $2,340,500 |
| South | 80 | 67.5% | $1,892,000 |
| South West | 26 | 61.5% | $1,208,000 |
| Upper North Shore | 82 | 61.0% | $2,160,500 |
| West | 50 | 68.0% | $1,444,000 |
| Houses | 437 | 66.4% | $1,940,000 |
| Units | 196 | 80.6% | $1,050,000 |
| Total | 633 | 70.3% | $1,730,000 |
Source: My Housing Market
Top Sydney weekly sales - February 28th
The top Sydney home reported sold over the past week was a 1-bedroom house at 9 & 11 Baden St Coogee that sold for $15,000,000.
The most affordable home reported sold at auction in Sydney over the past week was a 1-bedroom unit at 6/22-26 Kingston Rd Camperdown that sold for $487,500.
| Address | Price | Agent |
|---|---|---|
| 9 & 11 Baden St Coogee | $15,000,000 | PPD Real Estate |
| 100 Cabarita Rd Cabarita | $6,350,000 | DibChidiac&Co. |
| 89 Sutherland St Paddington | $6,025,000 | The Agency |
| 3A Regatta Wy Cabarita | $5,550,000 | DibChidiac&Co. |
| 19 Belgrave St Burwood | $4,500,000 | Belle Property Strathfield |
| 62 Provincial Rd Lindfield | $4,005,000 | Raine&Horne Lindfield |
| 29 Bent St Lindfield | $3,918,000 | Stone Real Estate Lindfield |
| 77 Fitzroy St Burwood | $3,915,000 | Belle Property Strathfield |
| 223 Nelson St Annandale | $3,850,000 | BresicWhitney Inner West |
Source: My Housing Market
- Also read:Latest Property Asking Prices State by State | National Listings Rebound Strongly in February as New Supply Surges
- Also read:Inflation Is Rising Again – Here’s What That Means for Property Investors | Property Insiders
- Also read:Latest Property Price Forecasts Revealed. Australian Property Market Outlook 2026: Where To Now After The Rate Rise.
- Also read:Booming Housing Markets Rise Over February | Latest stats from Dr. Andrew Wilson
- Also read:National Weekly Auction Report – February 28th 2026 | Clearance Rates Lower Over Super Week of Auctions
Melbourne auction results
Note: Melbourne auction market higher despite listings flood.
Melbourne reported a higher auction clearance rate over the past week despite the usual flood of listings ahead of the Labour Day long weekend holiday.
Melbourne recorded a clearance rate of 68.3% over the past week which was marginally higher than the 67.6% recorded over the previous week and also higher the 66.7% reported over the same week last year.
1634 homes were reported listed for auction over the past week which was again significantly higher than the 1257 auctioned over the previous week and higher than the 1362 reported over the same week last year.
Melbourne recorded a median price of $1,195,000 for houses sold at auction over the past week which was higher than the $1,125,000 reported over the previous week and 21.3% higher than the $985,000 reported over the same week last year.
Melbourne’s North East reported the top regional clearance rate over the past week with 78.6% followed by the South East at 75.0% and the West at 71.5%. The Inner South recorded the lowest regional rate this week at 62.0%.
The clearance rate for houses was 67.3% with units higher again this week at 73.8%.
Melbourne regions weekly auction results - February 28th
| Region | Results | Clearance Rate | Median |
|---|---|---|---|
| Inner East | 155 | 64.5% | $1,300,000 |
| Inner South | 184 | 62.0% | $1,262,500 |
| Inner Urban | 105 | 62.9% | $1,425,000 |
| North East | 131 | 78.6% | $852,000 |
| Northern | 121 | 71.1% | $897,500 |
| Outer East | 118 | 65.3% | $1,240,000 |
| South East | 64 | 75.0% | $865,000 |
| West | 137 | 71.5% | $930,000 |
| Houses | 885 | 67.3% | $1,195,000 |
| Units | 130 | 73.8% | $766,000 |
| Total | 1015 | 68.3% | $1,020,000 |
Source: My Housing Market
Top Melbourne weekly sales - February 28th
Melbourne’s top reported auction sale over the week was a 6-bedroom house at 8 Moonbria Av Kew that sold for $4,450,000.
The most affordable home reported sold at auction in Melbourne over the week was a 1-bedroom unit at 209/278 Charman Rd Cheltenham that sold for $340,000.
| Address | Price | Agent |
|---|---|---|
| 8 Moonbria Av Kew | $4,450,000 | Ray White Balwyn |
| 125 Richardson St Albert Park | $3,910,000 | Marshall White Port Phillip |
| 18 Clonmore St Beaumaris | $3,550,000 | Buxton Real Estate |
| 10 Hardwicke St Balwyn | $3,290,000 | Marshall White |
| 171 Beach Rd Parkdale | $3,200,000 | Buxton Real Estate Mentone |
| 50 Bastings St Northcote | $3,050,000 | Jellis Craig Northcote |
| 6 Inverell Av Mount Waverley | $2,970,000 | Jellis Craig Mount Waverley |
| 4 Tambo Ct Glen Waverley | $2,740,000 | Jellis Craig Glen Waverley |
| 29 Mont Victor Rd Kew | $2,665,000 | Jellis Craig & Company Pty Ltd |
| 2 Bell St Brunswick | $2,610,000 | WHITEFOX Real Estate |
Source: My Housing Market
Brisbane auction results
Top Brisbane weekly sales - February 28th
| Address | Price | Agent |
|---|---|---|
| 139 Alexandra Rd Clayfield | $4,000,000 | Ray White Wilston |
| 22 Power St Norman Park | $3,625,000 | Place Estate Agents New Farm |
| 47 Montpelier St Grange | $3,340,000 | Oikos Real Estate |
| 24 Kitchener Rd Ascot | $3,250,000 | Place West |
| 16 Lechmere St New Farm | $3,043,000 | Place Estate Agents New Farm |
| 370 Belmont Rd Belmont | $2,800,000 | Aurora Property |
| 9 Little St Kelvin Grove | $2,635,000 | Place |
| 9 Ironbark St Capalaba | $2,368,000 | LJ Hooker Property Centre |
| 75 Ridge St Northgate | $2,256,000 | Ray White Aspley |
| 15 Navua Av Aspley | $2,000,000 | Ray White |
Source: My Housing Market
Canberra auction results
Top Canberra weekly sales - February 28th
| Address | Price | Agent |
|---|---|---|
| 86 Mugga Wy Red Hill | $4,665,000 | Blackshaw Manuka |
| 2 Hovell St Griffith | $2,610,000 | Luton Properties |
| 17 Brigalow St O'connor | $2,550,000 | Hive Property |
| 15 Golden Gr Red Hill | $2,350,000 | Blackshaw Manuka |
| 105 Miller St O'connor | $2,290,000 | Blackshaw Manuka |
| 11 Turner Pl Yarralumla | $2,060,000 | Blackshaw Manuka |
| 10 Newdegate St Deakin | $2,040,000 | Blackshaw Manuka |
| 21 Durack St Downer | $1,500,000 | Luton Properties - Dickson |
| 44 Lindsay Pryor St Wright | $1,410,000 | Blackshaw Weston Creek |
| 26 Bonney St Ainslie | $1,400,000 | Seminara and Co |
Source: My Housing Market
Adelaide auction results
Top Adelaide weekly sales - February 28th
| Address | Price | Agent |
|---|---|---|
| 28 Hughes Av Henley Beach | $2,220,000 | Ray White Grange |
| 17 Malurus Av Lockleys | $1,940,000 | Ray White Grange |
| 9 Somerset Av Cumberland Park | $1,825,000 | Ray White Burnside |
| 34 Braund Rd Prospect | $1,705,000 | Bailey Property Group |
| 8 Hann St Glynde | $1,604,000 | Ray White |
| 27 Waterhouse Rd South Plympton | $1,385,000 | Ray White Norwood |
| 25 Rowell Cr West Croydon | $1,360,000 | Ray White Henley Beach |
| 44 Seventh Av St Morris | $1,349,000 | Harris Real Estate - Kent Town |
| 26 Avro Av Hendon | $1,336,750 | Ray White Port Adelaide |
| 39A Stonyfell Rd Wattle Park | $1,330,000 | TOOP+TOOP Real Estate |
Source: My Housing Market
