Key takeaways
Auction results were mixed at the weekend as the lengthy winter school holidays finally came to an end for all capitals although listing numbers generally remained well ahead of the same time last year.
The national weekend auction market reported a clearance rate of 58.2% which was below the 61.8% reported over the previous weekend – and significantly lower than the 77.3% recorded over the same weekend last year.
National auction numbers were higher at the weekend with 1651 listings versus the previous weekends 1441, and again well above the 1367 listed over the same weekend last year.
Weekend auction markets continue to report results reflective of the usual mid-winter slowdown in buyer activity although seller activity still continues to track higher than the same time last year.
Auction results were mixed at the weekend as the lengthy winter school holidays finally came to an end for all capitals although listing numbers generally remained well ahead of the same time last year.
Auction results around Australia (July 20th 2024):
| Capital City | This Saturday | Last Saturday | Saturday Last Year | |||
|---|---|---|---|---|---|---|
| Auctions | Rate | Auctions | Rate | Auctions | Rate | |
| Sydney | 621 | 71.3% | 581 | 70.2% | 589 | 75.3% |
| Melbourne | 785 | 60.8% | 612 | 67.4% | 570 | 72.9% |
| Brisbane | 86 | 48.6% | 107 | 45.5% | 83 | 82.5% |
| Adelaide | 109 | 57.1% | 84 | 75.1% | 82 | 79.5% |
| Canberra | 50 | 53.1% | 57 | 50.9% | 43 | 76.4% |
The national weekend auction market reported a clearance rate of 58.2% which was below the 61.8% reported over the previous weekend – and significantly lower than the 77.3% recorded over the same weekend last year.
National auction numbers were higher at the weekend with 1651 listings versus the previous weekends 1441, and again well above the 1367 listed over the same weekend last year.
Weekend auction markets continue to report results reflective of the usual mid-winter slowdown in buyer activity although seller activity still continues to track higher than the same time last year.
Sydney auction results
Note: Sydney clearance rates higher.
The Sydney auction market reported a higher clearance rate at the weekend and remained above 70% indicating still an overall sellers’ market.
Sydney recorded a clearance rate of 71.3% at the weekend which was higher than the 70.2% recorded over the previous weekend but again lower than the 75.3% rate recorded over the same weekend last year.
Auction numbers were higher at the weekend as school holidays concluded with 621 listed versus the 581 recorded over the previous weekend and remained ahead of the 589 listed over the same weekend last year.
Sydney recorded a median price of $1,622,500 for houses sold at auction at the weekend which was higher than the previous weekend’s $1,559,000 and 3.0% higher than the $1,575,000 recorded over the same weekend last year.
The Northern Beaches recorded the highest regional clearance rate at the weekend at 81.8% followed by the Lower North at 78.8% and the South at 76.7%. The South West reported the lowest clearance rate at 54.5%.
The clearance rate for houses was 67.8% with units higher yet again this weekend at 78.8%.
Sydney regions auction results (July 20th 2024):
| Region | Results | Clearance rate | Median |
|---|---|---|---|
| Canterbury Bankstown | 27 | 59.5% | $1,320,000 |
| Central Coast | 5 | NA | NA |
| City and East | 40 | 72.1% | $1,225,000 |
| Inner West | 71 | 75.1% | $1,455,000 |
| Lower North | 31 | 78.8% | $1,165,000 |
| North West | 28 | 60.2% | $2,155,000 |
| Northern Beaches | 15 | 81.8% | $2,355,000 |
| South | 36 | 76.7% | $1,615,000 |
| South West | 21 | 54.5% | $1,002,000 |
| Upper North Shore | 55 | 73.8% | $2,050,000 |
| West | 41 | 66.9% | $1,130,000 |
| Total | 371 | 71.3% | $1,427,500 |
| Houses | 289 | 67.8% | $1,622,500 |
| Units | 119 | 78.8% | $1,026,000 |
The top reported Sydney auction sale at the weekend was a 5-bedroom house at 41 Clanwilliam St Chatswood that sold for $5,228,000. View top selling home here: 41 Clanwilliam St Chatswood.
The most affordable home reported sold at auction in Sydney at the weekend was a 1-bedroom unit at 217/2-12 Glebe Point Rd Glebe that sold for $500,000.
Top Sydney sales (July 20th 2024):
| Address | Price | Agent |
|---|---|---|
| 41 Clanwilliam St Chatswood | $5,228,000 | The Marshall Group RE |
| 43 Boyle St Balgowlah | $4,500,000 | Stone Real Estate Manly |
| 14 Richmond Ct Castle Hill | $4,200,000 | Homeway First National |
| 23A Chiltern Rd Willoughby | $4,000,000 | McGrath Willoughby |
| 23 Rawson St Epping | $3,728,000 | Tracy Yap Realty |
| 25 White St Balgowlah | $3,650,000 | Morton |
| 8 Edwin St Fairlight | $3,500,000 | Cunninghams Real Estate |
| 7A Wingate Av Eastwood | $3,420,000 | McGrath Epping |
| 18 Cross St Strathfield | $3,151,000 | Belle Property Strathfield |
| 3 Glendower Av Eastwood | $3,140,000 | Tracy Yap Realty |
Melbourne auction results
Note: Melbourne weekend clearance rate falls.
The Melbourne auction clearance rate fell sharply at the weekend although auction numbers were notably higher.
Melbourne recorded a clearance rate of 60.8% on Saturday which was well below the 67.4% recorded over the previous weekend and again significantly below the 72.9% recorded over the same weekend last year.
785 homes were reported listed over the weekend which was well ahead of the 612 auctioned over the previous weekend and again significantly higher than the 570 listed over the same weekend last year.
Melbourne recorded a median price of $1,005,000 for houses sold at auction at the weekend which was higher than the $912,500 reported over the previous weekend and 4.4% higher than the $962,500 recorded over the same weekend last year.
Melbourne’s South East reported the top regional clearance rate on Saturday with 68.0% followed by the Inner East at 65.4% and the Inner City at 63.8%. The North recorded the lowest regional rate at 49.6%.
The house clearance rate was 60.3% with units higher again this weekend at 62.6%.
Melbourne regions auction results (July 20th 2024):
| Region | Results | Clearance rate | Median |
|---|---|---|---|
| Inner East | 55 | 65.4% | $1,310,000 |
| Inner South | 61 | 62.4% | $1,001,250 |
| Inner Urban | 54 | 63.8% | $1,101,000 |
| North East | 76 | 58.8% | $760,000 |
| Northern | 49 | 49.6% | $779,000 |
| Outer East | 94 | 61.7% | $1,130,000 |
| South East | 43 | 68.0% | $806,000 |
| West | 110 | 58.9% | $793,000 |
| Total | 542 | 60.8% | $885,000 |
| Houses | 422 | 60.3% | $1,005,000 |
| Units | 120 | 62.6% | $685,000 |
Melbourne’s top reported auction sale at the weekend was a 5-bedroom house at 3 Portsmouth St Mount Waverley that sold for $3,910,000. View top selling home here: 3 Portsmouth St Mount Waverley.
The most affordable home reported sold at auction in Melbourne at the weekend was a 1-bedroom unit at 18/1 Kitmont St Murrumbeena that sold for $310,000.
Top Melbourne sales (July 20th 2024):
| Address | Price | Agent |
|---|---|---|
| 3 Portsmouth St Mount Waverley | $3,910,000 | JRW Property International |
| 203 Osborne St Williamstown | $3,900,000 | Jellis Craig Inner West |
| 2 Seymour Av Carnegie | $2,795,000 | Woodards Carnegie |
| 26-28 Simpson St East Melbourne | $2,640,000 | Caine Real Estate |
| 8 Coleridge Ct Templestowe | $2,550,000 | Woodards Manningham |
| 70 Callaway Dr Mickleham | $2,470,000 | Ray White Craigieburn |
| 14 Nicol St Highett | $2,310,000 | Buxton Hampton East |
| 64 Strathnaver Av Strathmore | $2,300,000 | MATTHEWS. |
| 72 Yarra Valley Blvd Bulleen | $2,100,000 | Barry Plant Manningham |
| 151b Oakleigh Rd Carnegie | $2,068,000 | Slater & Levin |
Brisbane auction Results
Top Brisbane sales (July 20th 2024):
| Address | Price | Agent |
|---|---|---|
| 97 Algooli St Morningside | $2,700,000 | Belle Property Bulimba |
| 64 - 66 Kalinga St Clayfield | $2,350,000 | Ray White Ascot |
| 24 Accession St Bardon | $2,115,000 | Caroline Brown Property |
| 30 Huet St Wavell Heights | $1,801,000 | Ray White Metro North |
| 2 Wellington St Lutwyche | $1,640,000 | Ed Cassidy Property |
| 32 Longlands St East Brisbane | $1,302,000 | The Agency Brisbane |
| 2/8 O'loan St Yeerongpilly | $1,280,000 | Place Estate Agents |
| 27 Bobbie St Parkinson | $1,271,000 | Ray White Rochedale |
| 22 Hayman St Parkinson | $1,250,000 | Ray White Rochedale |
| 336 Bennetts Rd Norman Park | $1,100,000 | Belle Property Bulimba |
Adelaide auction results
Top Adelaide sales Saturday (July 20th 2024):
| Address | Price | Agent |
|---|---|---|
| 14 Braund Rd Fitzroy | $2,275,000 | Harris Real Estate |
| 23 Cooper Angus Gr Wattle Park | $2,051,000 | TOOP + TOOP |
| 123 Brougham Pl North Adelaide | $1,980,000 | Williams Real Estate |
| 14 Joan Av Glengowrie | $1,460,000 | Ray White Glenelg |
| 8 Scott St Firle | $1,350,000 | Ray White Campbelltown |
| 69 Isla Circuit Mawson Lakes | $1,250,000 | Harcourts |
| 2A Barnes Av Magill | $1,220,000 | Harcourts VennMillar |
| 27 Balmoral Av North Brighton | $1,035,000 | Smallacombe Real Estate |
| 36 Scarborough St Somerton Park | $1,000,500 | Williams Real Estate |
| 27 Murray Av Klemzig | $990,000 | Deluxe Real Estate |
Canberra auction results
Top Canberra sales (July 20th 2024):
| Address | Price | Agent |
|---|---|---|
| 51 Woolner Cct Hawker | $2,610,000 | Ray White Canberra |
| 2/7 Leichhardt St Kingston | $2,282,000 | Blackshaw Manuka |
| 1 Wood Pl Chifley | $2,000,000 | Luton Properties - Manuka |
| 34 Ingamells St Garran | $1,635,000 | Luton Properties - Manuka |
| 10 Jensen St Hughes | $1,485,000 | Cream Residential |
| 14 Dragon Street Throsby | $1,240,000 | Town |
| 30 Steffanoni Circuit Monash | $1,001,000 | Independent |
| 5 Pettifer Pl Fraser | $965,000 | Luton Properties Gungahlin |
| 39 Solomon Crescent Latham | $870,000 | Bastion |
| 3 Mccombie Street Wanniassa | $840,000 | Independent |
- Also read:Unemployment Uptick: What It Means for Interest Rates and the Housing Markets | Property Insiders
- Also read:Vacancy Rates Increased to 1.3% | SQM Research
- Also read:Latest Asking Prices State by State | Winter Lull takes Affect with Huge falls in Home Listings
- Also read:Auction Report July 20th 2024 | Mixed Bag of Auction Results as Winter School Holidays Finally End
- Also read:Australian homeowners gain $59K wealth boost from rising housing values in FY24 | Corelogic Home Value Index
