Key takeaways
Auction clearance rates and listings were generally higher in most capitals over the past week as markets resumed with more focus following the lengthy holiday distractions in April, including General Election Day.
The national weekend auction market reported an average clearance rate of 62.7% over the past week which was higher than the 61.0% reported over the previous week but lower than the 65.0% reported over the same week last year.
Auction markets will pick up over coming weeks now mostly free from the holiday distractions of the past month.
Auction clearance rates and listings were generally higher in most capitals over the past week as markets resumed with more focus following the lengthy holiday distractions in April, including General Election Day.
This weekend's auction results around Australia:
| Capital City | This Week | Last Week | Saturday Last Year | |||
|---|---|---|---|---|---|---|
| Auctions | Rate | Auctions | Rate | Auctions | Rate | |
| Sydney | 552 | 72.7% | 368 | 73.6% | 679 | 74.9% |
| Melbourne | 775 | 74.8% | 457 | 67.8% | 1011 | 63.4% |
| Brisbane | 95 | 45.4% | 91 | 37.5% | 159 | 59.1% |
| Adelaide | 103 | 58.6% | 75 | 71.2% | 120 | 71.6% |
| Canberra | 62 | 62.1% | 32 | 55.0% | 86 | 50.0% |
Source: My Housing Market
The national weekend auction market reported an average clearance rate of 62.7% over the past week which was higher than the 61.0% reported over the previous week but lower than the 65.0% reported over the same week last year.
Auction markets will pick up over coming weeks now mostly free from the holiday distractions of the past month.
Sydney auction results
Note: Sydney clearance rate still robust into May.
The Sydney auction market reported another robust clearance rate over the past week from predictably higher listing numbers following the ANZAC Day long weekend holiday.
Sydney recorded a clearance rate of 72.7% over the past week which was slightly lower than the 73.6% recorded over the previous week and also just below the 74.9% reported over the same week last year.
Auction numbers were significantly higher over the past week with 552 listed versus the 368 auctioned over the previous week but lower than the 679 reported over the same week last year.
Sydney recorded a median price of $1,725,000 for houses sold at auction over the past week which was just below the $1,730,000 recorded over the previous week but the same as the $1,725,000 reported over the same week last year.
The Inner West again recorded the highest regional clearance rate over the past week at a strong 90.6% followed by the Northern Beaches at 75.0% and the City and East at 74.3%. The Central Coast reported the lowest clearance rate at 50.0%.
The clearance rate for houses was 70.9% with units higher again this week at 76.9%.
Sydney Regions Auction Results, Saturday, May 3rd 2025:
| Region | Results | Clearance rate | Median |
|---|---|---|---|
| Canterbury Bankstown | 31 | 71.0% | $1,467,500 |
| Central Coast | 14 | 50.0% | $1,300,000 |
| City and East | 70 | 74.3% | $1,386,250 |
| Inner West | 53 | 90.6% | $1,507,500 |
| Lower North | 22 | 68.2% | $932,500 |
| North West | 13 | 61.5% | $1,068,500 |
| Northern Beaches | 28 | 75.0% | $2,400,000 |
| South | 58 | 74.1% | $1,560,000 |
| South West | 15 | 73.3% | $1,200,000 |
| Upper North Shore | 49 | 67.3% | $2,526,000 |
| West | 44 | 63.6% | $1,400,000 |
| Houses | 260 | 70.9% | $1,725,000 |
| Units | 133 | 76.9% | $967,500 |
| Total | 393 | 72.7% | $1,480,000 |
Source: My Housing Market
The top reported Sydney home reported sold over the past week was a 7-bedroom house at 59-61 Abbotsford Rd Homebush that sold for $6,480,000.
The most affordable home reported sold at auction in Sydney over the past week was a 2-bedroom unit at 116/1562 Canterbury Rd Punchbowl that sold for $500,000.
Top Sydney Sales, Saturday, May 3rd 2025:
| Address | Price | Agent |
|---|---|---|
| 59-61 Abbotsford Rd Homebush | $6,480,000 | Richard Matthews Real Estate |
| 56 Warrane Rd Willoughby | $5,751,000 | DiJones - Willoughby |
| 53 Ayres Rd St Ives | $4,450,000 | The Marshall Group RE |
| 6 Bay Rd Russell Lea | $4,401,000 | Raine & Horne Five Dock |
| 2 Barrie St East Killara | $3,855,000 | MyProperty Epping |
| 160 Pittwater Rd Manly | $3,850,000 | Cunninghams Real Estate |
| 26 Bates St Homebush | $3,750,000 | Belle Property Strathfield |
| 16A Malory Av West Pymble | $3,620,000 | Ray White Upper North Shore |
| 4 Wallace St Concord | $3,550,000 | DibChidiac&Co. |
| 15 Curtin Av Abbotsford | $3,371,000 | The Agency Inner West |
Source: My Housing Market
Melbourne auction results
Note: Year-high clearance rate for Melbourne.
Melbourne’s recorded a relatively strong auction clearance rate over the past week as signs continue to grow of a sustained revival in the local market.
Melbourne recorded a clearance rate of 74.8% over the past week which was significantly higher than the 67.8% recorded over the previous week and higher also than the 63.4% reported over the same week last year.
775 homes were reported listed over the past week which was well above the 457 auctioned over the previous week but lower than the 1011 reported over the same week last year.
Melbourne recorded a median price of $899,100 for houses sold at auction over the past week which was higher than the $845,000 reported over the previous week but 8.3% lower than the $980,000 reported over the same week last year.
Melbourne’s Outer East reported the top regional clearance rate over the past week with 87.2% followed by the Inner City at 85.7% and the West at 73.4%. The Inner East recorded the lowest regional rate at 69.0%.
The clearance rate for houses was 73.0% with units higher this week at 78.8%.
Melbourne Regions Auction Results, Saturday, May 3rd 2025:
| Region | Results | Clearance rate | Median |
|---|---|---|---|
| Inner East | 42 | 69.0% | $1,360,000 |
| Inner South | 48 | 70.8% | $880,000 |
| Inner Urban | 28 | 85.7% | $605,000 |
| North East | 76 | 69.7% | $816,000 |
| Northern | 48 | 70.8% | $781,000 |
| Outer East | 47 | 87.2% | $1,100,000 |
| South East | 33 | 72.7% | $761,000 |
| West | 143 | 73.4% | $790,500 |
| Houses | 385 | 73.0% | $899,100 |
| Units | 80 | 78.8% | $609,000 |
| Total | 465 | 74.8% | $842,500 |
Source: My Housing Market
Melbourne’s top reported auction sale over the week was a 5-bedroom house at 12 Francis St Mount Waverley that sold for $3,885,000.
The most affordable home reported sold at auction in Melbourne over the week was a 1-bedroom unit at 403/9 Morton Av Carnegie that sold for $224,000.
Top Melbourne Sales, Saturday, May 3rd 2025:
| Address | Price | Agent |
|---|---|---|
| 12 Francis St Mount Waverley | $3,885,000 | Professionals First & Co |
| 7-9 Wesley Ct Keysborough | $2,330,000 | Buxton Keysborough |
| 3 Hastings St Mckinnon | $2,275,000 | Buxton Real Estate Bentleigh |
| 6 Leawarra Cr Doncaster East | $2,170,000 | Marshall White |
| 322 Gallaghers Rd Glen Waverley | $2,111,000 | Jellis Craig Glen Waverley |
| 446 Balwyn Rd Balwyn North | $2,000,000 | Fletchers Balwyn North |
| 38B Windsor Av Mckinnon | $1,995,000 | Buxton Real Estate Bentleigh |
| 8B Lilac St Bentleigh East | $1,900,000 | Buxton Glen Eira |
| 108 Royal Pde Pascoe Vale South | $1,865,000 | Nelson Alexander Pascoe Vale |
| 3 Olinda St Glen Waverley | $1,860,000 | Jellis Craig Mount Waverley |
Source: My Housing Market
Brisbane auction Results
Top Brisbane Sales, Saturday, May 3rd 2025:
| Address | Price | Agent |
|---|---|---|
| 18 Primrose Tce Red Hill | $1,755,000 | Pure Real Estate |
| 8 Mindona St Wishart | $1,401,500 | Ray White Mount Gravatt |
| 107 Springwood Rd Springwood | $1,400,000 | Coronis South |
| 22 Derwent St Upper Mount Gravatt | $1,330,000 | Ray White Mount Gravatt |
| 10 Torrens St Annerley | $1,310,000 | ATLAS BY LJ HOOKER BRISBANE |
| 46 Morialta St Mansfield | $1,240,000 | Ray White Mount Gravatt |
| 3 Celebes Cl Tingalpa | $1,000,000 | Place |
| 59 Amega St Mount Gravatt East | $1,000,000 | Ray White Mount Gravatt |
| 1/35 Franklin St Nundah | $985,000 | Coronis Ascot |
| 40910/50 Duncan St West End | $950,000 | Ray White |
Source: My Housing Market
Adelaide auction results
Top Adelaide Sales, Saturday, May 3rd 2025:
| Address | Price | Agent |
|---|---|---|
| 26 Esplanade Christies Beach | $2,250,000 | Ray White Burnside |
| 184 North East Rd Vale Park | $2,080,000 | All Adelaide City Edge |
| 33 Church St Highgate | $1,850,000 | NOAKES NICKOLAS PTY LTD |
| 7 Downer Gr Stirling | $1,670,000 | Ray White Kensington |
| 7 Elm Tce Glenelg North | $1,551,000 | Ray White |
| 4 Gilding Av Royston Park | $1,431,000 | Ray White Prospect |
| 40 Vincent St Hendon | $1,365,000 | Harcourts Lifestyle Sales |
| 16 Queens Av Burnside | $1,350,000 | Ray White Burnside |
| 12 Knight St Allenby Gardens | $1,340,000 | Fox Real Estate |
| 17 Lincoln Av Warradale | $1,300,000 | Harris Real Estate - Blackwood |
Source: My Housing Market
Canberra auction results
Top Canberra Sales, Saturday, May 3rd 2025:
| Address | Price | Agent |
|---|---|---|
| 39 Mclachlan Cr Weetangera | $2,040,000 | The Property Collective |
| 41 Buntine Cr Isaacs | $1,873,000 | Hayman Partners |
| 148 Mcnamara St Pearce | $1,700,000 | Michael Potter Real Estate |
| 47 Mcnicoll St Hughes | $1,560,000 | Hayman Partners |
| 137 Gouger St Torrens | $1,525,000 | Belle Property Canberra |
| 6 Nott St Fraser | $1,366,000 | Jonny Warren Properties |
| 47 Hurtle Av Bonython | $1,320,000 | Independent Property Group |
| 13 Sanford Pl Kaleen | $1,125,000 | Ray White Canberra |
| 22 Shumack St Weetangera | $1,040,888 | Ray White Canberra |
| 1 Mein Pl Latham | $1,010,000 | Town Residential |
Source: My Housing Market
- Also read:Auction Report May 3rd 2025 | Strengthening Auction Markets as Holiday Month Passes
- Also read:Values higher in April despite uncertainty from tariffs & federal election | Latest Corelogic Data
- Also read:Lower Rates Drive Home Prices Higher Over April | Latest Housing Market Stats Dr. Andrew Wilson
- Also read:Perth housing market update [video] | April 2025
- Also read:Adelaide housing market update [video] | April 2025
