Key takeaways
February's home auction markets have demonstrated strong early results, with Sydney and Melbourne leading in rising listings and clearance rates.
The national weekend auction market saw a clearance rate of 64.3% last week.
Early signs suggest housing markets may grow in 2025, potentially boosted by an expected interest rate cut at next week’s RBA meeting.
February home auction markets have continued to report relatively impressive early-season results, with Sydney and Melbourne again leading the capitals with listings and clearance rates on the rise.
This weekend's auction results around Australia:
| Capital City | This Week | Last Week | Saturday Last Year | |||
|---|---|---|---|---|---|---|
| Auctions | Rate | Auctions | Rate | Auctions | Rate | |
| Sydney | 1042 | 78.8% | 785 | 76.8% | 715 | 77.4% |
| Melbourne | 831 | 71.7% | 640 | 70.8% | 955 | 71.9% |
| Brisbane | 155 | 46.2% | 177 | 38.4% | 131 | 59.1% |
| Adelaide | 116 | 65.7% | 127 | 71.7% | 148 | 72.0% |
| Canberra | 62 | 59.0% | 118 | 59.0% | 42 | 58.3% |
Source: My Housing Market
The national weekend auction market reported a clearance rate of 64.3% over the past week which was higher than the 63.3% reported over the previous week – but lower than the 67.6% recorded over the same week last year.
Early-year signs continue to indicate that housing markets are set for another year of growth in 2025 enhanced perhaps by the prospect of an official interest rate cut at next week’s RBA meeting.
Sydney auction results
Sydney Clearance Rates Keep Rising
The Sydney auction market reported yet another robust auction clearance rate over the past week - and again from high numbers of early-season reported listings.
Sydney recorded a clearance rate of 78.8% over the past week which was higher again than the 76.8% recorded over the previous week and also higher than the 77.4% rate recorded over the same week last year.
Auction numbers were also significantly higher over the past week with 1042 reported listed versus the 785 recorded over the previous week and also higher than the 715 reported over the same week last year.
Sydney recorded a median price of $1,846,000 for houses sold at auction over the past week which was higher than the $1,710,000 recorded over the previous week and 10.1% higher than the $1,675,000 recorded over the weekend of the same week last year.
The Lower North recorded the highest regional clearance rate over the past week at 92.5% followed by the Upper North Shore at 83.9% and the South at 81.3%. The Central Coast reported the lowest clearance rate at 60.0%.
The clearance rate for houses was 76.6% with units higher this week at 82.9%.
Sydney Regions Auction Results, Saturday, Feb 15th 2025:
| Region | Results | Clearance rate | Median |
|---|---|---|---|
| Canterbury Bankstown | 32 | 75.0% | $1,488,000 |
| Central Coast | 15 | 60.0% | $850,000 |
| City and East | 158 | 80.4% | $1,635,000 |
| Inner West | 93 | 76.3% | $1,475,000 |
| Lower North | 53 | 92.5% | $1,376,000 |
| North West | 19 | 73.7% | $2,060,000 |
| Northern Beaches | 42 | 78.6% | $1,915,000 |
| South | 75 | 81.3% | $1,530,000 |
| South West | 19 | 63.2% | $1,230,000 |
| Upper North Shore | 62 | 83.9% | $2,340,000 |
| West | 47 | 74.5% | $1,345,000 |
| Houses | 396 | 76.6% | $1,846,000 |
| Units | 207 | 82.9% | $940,000 |
| Total | 603 | 78.8% | $1,530,000 |
Source: My Housing Market
The top reported Sydney home reported sold over the past week was a 5-bedroom house at 39 Newton Rd Strathfield that sold for $8,400,000. View top selling home here 39 Newton Rd Strathfield.
The most affordable home reported sold at auction in Sydney over the past week was a 2-bedroom unit at 6/4 Howard St Canterbury that sold for $510,000.
Top Sydney Sales, Saturday, Feb 15th 2025:
| Address | Price | Agent |
|---|---|---|
| 39 Newton Rd Strathfield | $8,400,000 | McGrath Strathfield |
| 5 Milner Cr Wollstonecraft | $6,312,000 | Ray White Lower North Shore |
| 52 Finlayson St Lane Cove | $5,935,000 | McGrath Lane Cove |
| 14 Wolsten Av Turramurra | $5,481,000 | Pello - Upper North Shore |
| 154 Blair St North Bondi | $5,100,000 | PPD Real Estate |
| 215 Soldiers Pt Rd Salamander Bay | $4,750,000 | PRD Port Stephens |
| 3/49 Drumalbyn Rd Bellevue Hill | $4,700,000 | PPD Real Estate |
| 4 Peaker La Woollahra | $4,560,000 | McGrath Paddington |
| 49 Inverallan Av West Pymble | $4,480,000 | Orr&Co Estate Agents |
| 8 Boden Av Strathfield | $4,480,000 | McGrath Strathfield |
Source: My Housing Market
Melbourne auction results
More Encouraging Results for Melbourne Auction Market
Signs of revival for Melbourne’s housing market have continued over the past week with another robust clearance rate from solid early-year auction listings.
Melbourne recorded a clearance rate of 71.7% over the past week which was higher than the 70.8% recorded over the previous week and also higher than the 71.9% recorded over the same week last year.
831 homes were reported listed over the past week which was well above the 640 auctioned over the previous week but lower than 955 auctioned over the same week last year.
Melbourne recorded a median price of $1,000,000 for houses sold at auction over the past week which was higher than the $965,000 reported over the previous week but 4.1% lower than the $1,042,500 recorded over the same week last year.
Melbourne’s Outer East reported the top regional clearance rate over the past week with 83.1% followed by the North East at 75.3% and the South East at 74.3%. The North recorded the lowest regional rate at 65.2%.
The house clearance rate for houses was 71.9% with units slightly higher this week at 72.5%.
Melbourne Regions Auction Results, Saturday, Feb 15th 2025:
| Region | Results | Clearance rate | Median |
|---|---|---|---|
| Inner East | 93 | 72.0% | $1,340,000 |
| Inner South | 85 | 67.1% | $1,290,000 |
| Inner Urban | 48 | 66.7% | $1,220,000 |
| North East | 89 | 75.3% | $762,000 |
| Northern | 66 | 65.2% | $735,000 |
| Outer East | 77 | 83.1% | $1,110,000 |
| South East | 35 | 74.3% | $800,000 |
| West | 93 | 71.0% | $805,250 |
| Houses | 466 | 71.9% | $1,000,000 |
| Units | 120 | 72.5% | $675,000 |
| Total | 586 | 71.7% | $907,500 |
Source: My Housing Market
Melbourne’s top reported auction sale at the weekend was a 5-bedroom house at 2 Jacka St Essendon that sold for $4,270,000. View top selling home here 2 Jacka St Essendon.
The most affordable home reported sold at auction in Melbourne at the weekend was a 1-bedroom unit at 3/8 Waratah Av Tullamarine that sold for $280,000.
Top Melbourne Sales, Saturday, Feb 15th 2025:
| Address | Price | Agent |
|---|---|---|
| 2 Jacka St Essendon | $4,270,000 | Jellis Craig Moonee Valley |
| 11 Teddington Rd Hampton | $3,260,000 | Belle Property Sandringham |
| 8 Bell St Glen Iris | $3,250,000 | Shelter Real Estate |
| 2 Creswick Gr Mckinnon | $3,160,000 | Marshall White |
| 54 Keith St Alphington | $2,865,000 | Jellis Craig Northcote |
| 75 Yarra Valley Blvd Bulleen | $2,835,000 | Jellis Craig Doncaster |
| 32 High St Nunawading | $2,620,000 | McGrath Box Hill |
| 22 Churchill St Mont Albert | $2,620,000 | Jellis Craig & Company Pty Ltd |
| 79 Webb St Fitzroy | $2,550,000 | Jellis Craig Fitzroy |
| 46 Morna Rd Doncaster East | $2,550,000 | Ray White Glen Waverley |
Source: My Housing Market
Brisbane auction Results
Top Brisbane Sales, Saturday, Feb 15th 2025:
| Address | Price | Agent |
|---|---|---|
| 154 Yabba St Ascot | $5,800,000 | Ray White New Farm |
| 32 Browne St New Farm | $5,500,000 | Place Estate Agents Ascot |
| 82 Lawn St Holland Park | $3,380,000 | Place Estate Agents - Bulimba |
| 58 Groom St Gordon Park | $3,250,000 | Garry Jones Homes |
| 25 Bock St Rochedale | $2,500,000 | The Agency Gold Coast |
| 117 Yabba St Ascot | $2,415,000 | Ray White Ascot |
| 17 Bulli St Hendra | $2,260,000 | Place |
| 33 Canberra Dr Ashgrove | $2,175,000 | Ray White Paddington |
| 11 Faversham St Woolloongabba | $2,062,000 | Ray White Bulimba |
| 28 Arnott St Kedron | $1,795,000 | Ray White |
Source: My Housing Market
Adelaide auction results
Top Adelaide Sales, Saturday, Feb 15th 2025:
| Address | Price | Agent |
|---|---|---|
| 22 Carunta St Wattle Park | $2,380,000 | Ray White Burnside |
| 45 Toronto St Ovingham | $2,200,000 | Alexander Real Estate |
| 42 Parkview Av Grange | $1,888,000 | Ray White Grange |
| 2 Gurrs Rd Kensington Park | $1,850,000 | Ouwens Casserly |
| 4 Ravensthorpe Av Millswood | $1,655,000 | Ray White |
| 17 Welwyn Rd Manningham | $1,400,000 | Harris Real Estate - Kent Town |
| 5 Karawa Cr Fairview Park | $1,380,000 | Ray White Prospect |
| 7 Crace Rd Fulham | $1,335,000 | Ray White Port Adelaide |
| 41 Carruthers Dr Modbury North | $1,325,000 | Ray White Prospect |
| 3 Rod Ct Gulfview Heights | $1,300,000 | Ray White Campbelltown |
Source: My Housing Market
Canberra auction results
Top Canberra Sales, Saturday, Feb 15th 2025:
| Address | Price | Agent |
|---|---|---|
| 28 Gellibrand St Campbell | $3,350,000 | Blackshaw Manuka |
| 11 Wills St Narrabundah | $2,450,000 | Luton Properties - Manuka |
| 23 Ruth Dobson St Casey | $1,450,000 | Town Residential |
| 23 Orange Thorn Cr Banks | $1,431,000 | Jonny Warren Properties |
| 22 Martens Cr Weston | $1,280,000 | Blackshaw Manuka |
| 8 Strehlow Pl Flynn | $1,010,000 | Ray White Canberra |
| 13 Alan Watt Cr Casey | $970,000 | Goodhaus Property |
| 2 Wilkinson St Flynn | $945,000 | LJ Hooker Belconnen |
| 35 Courtneidge St Dunlop | $915,000 | Blackshaw Gungahlin |
| 5 Wedgwood Cl Chisholm | $910,000 | LJ Hooker Belconnen |
Source: My Housing Market
- Also read:Melbourne housing market update [video] | February 2025
- Also read:Australian housing market update [CoreLogic’s video] | February 2025
- Also read:This week’s Australian Property Market Update – Latest Data, State by State February 18th 2025
- Also read:Everything you need to know about the state of Australia’s property markets in 20 charts – February 2025
- Also read:Auction Report Feb 15th 2025 | Early-Season Auction Results Continue to Impress
