Key takeaways
The May auction market is now in full swing following the significant holiday and Election Day distractions of the past 6 weeks.
The clearly reviving Melbourne market continues to produce the highest clearance rates among all the capitals, despite the highest number of listings.
The national weekend auction market reported an average clearance rate of 60.9% over the past week, which was lower than the 63.8% reported over the previous week and also lower than the 65.8% reported over the same week last year.
The May auction market is now in full swing following the significant holiday and Election Day distractions of the past 6 weeks.
The clearly reviving Melbourne market continues to produce the highest clearance rates among all the capitals, despite the highest number of listings.
This weekend's auction results around Australia:
Source: My Housing Market
The national weekend auction market reported an average clearance rate of 60.9% over the past week, which was lower than the 63.8% reported over the previous week and also lower than the 65.8% reported over the same week last year.
Auction listings will continue to rise over the coming weeks, with housing markets set to benefit from a predicted RBA interest rate cut next week.
Sydney auction results
Note: Sydney clearance rate still robust.
The robust Sydney auction market reported a higher clearance rate over the past week from steady listing numbers.
Sydney recorded a clearance rate of 73.6% over the past week which was higher than the 72.2% recorded over the previous week and similar to the 73.8% reported over the same week last year.
Auction numbers remained steady over the past week, with 667 listings versus the 671 auctions held over the previous week, but lower than the 742 reported over the same week last year.
Sydney recorded a median price of $1,917,500 for houses sold at auction over the past week, which was higher than the $1,700,000 recorded over the previous week and 6.5% higher than the $1,800,000 reported over the same week last year.
The Lower North recorded the highest regional clearance rate over the past week at 81.1%, followed by the Inner West at 80.3% and the North West at 80.0%. The South West and the Central Coast each reported the lowest clearance rate at 50.0%.
The clearance rate for houses was 70.2%, with units higher this week at 79.8%.
Sydney Regions Auction Results, Saturday, May 17th 2025:
Source: My Housing Market
The top reported Sydney home sold over the past week was a 6-bedroom house at 59 Oxford Rd, Strathfield that sold for $6,200,000. View top-selling home here 59 Oxford Rd Strathfield
The most affordable home reported sold at auction in Sydney over the past week was a 2-bedroom house at 20/26 Wilson St, St Marys, that sold for $565,000.
Top Sydney Sales, Saturday, May 17th 2025:
Source: My Housing Market
Melbourne auction results
Note: Melbourne Market Continues to Revive
Melbourne has recorded yet another relatively strong auction clearance rate over the past week, with signs continuing of a sustained revival in the local market.
Melbourne recorded a clearance rate of 74.1% over the past week, which was similar to the 74.6% recorded over the previous week but well ahead of the 63.6% reported over the same week last year.
849 homes were reported listed over the past week, which was higher than the 819 auctioned over the previous week but lower than the 991 reported over the same week last year.
Melbourne recorded a median price of $997,550 for houses sold at auction over the past week which was higher than the $962,500 reported over the previous week but 5.2% lower than the $1,052,500 reported over the same week last year.
Melbourne’s Inner City reported the top regional clearance rate over the past week, with 83.3%, followed by the North East at 80.9% and the North at 76.0%. The Inner East recorded the lowest regional rate at 62.6%.
The clearance rate for houses was 73.8%, with units lower this week at 73.6%.
Melbourne Regions Auction Results, Saturday, May 10th 2025:
Source: My Housing Market
Melbourne’s top reported auction sale of the week was a 4-bedroom house at 100 Wright St, Middle Park, which sold for $5,530,000. View the top-selling home here
Top Melbourne Sales, Saturday, May 17th 2025:
Source: My Housing Market
Brisbane auction Results
Top Brisbane Sales, Saturday, May 17th 2025:
Source: My Housing Market
Adelaide auction results
Top Adelaide Sales, Saturday, May 17th 2025:
Source: My Housing Market
Canberra auction results
Top Canberra Sales, Saturday, May 17th 2025:
Source: My Housing Market
- Also read:Perth housing market update [video] | May 2025
- Also read:Jobs, Loans and Listings – What This Week’s Numbers Really Mean for Property | Property Insiders
- Also read:This week’s Australian Property Market Update – Latest Data, State by State May 20th 2025
- Also read:Adelaide housing market update [video] | May 2025
- Also read:Melbourne housing market update [video] | May 2025
