Key takeaways
The spring weekend auction market has officially commenced with mixed results as Sydney and Melbourne remained steady despite lower listings, but the smaller markets reported sharp declines in clearance rates.
The national weekend auction market reported a clearance rate of 58.8%, which was well below the 67.6% reported over the previous weekend – and also below the 62.8% recorded over the same weekend last year.
National auction numbers were also lower at the weekend with 2025 listings versus the previous weekend's 2205, but remained well above the 1819 listed over the same weekend last year.
Although auction results were mixed over the first weekend of spring, a general rebound in activity overall can be expected over the coming weekends.
The spring weekend auction market has officially commenced with mixed results as Sydney and Melbourne remained steady despite lower listings, but the smaller markets reported sharp declines in clearance rates.
Auction results around Australia (September 7th 2024):
| Capital City | This Saturday | Last Saturday | Saturday Last Year | |||
|---|---|---|---|---|---|---|
| Auctions | Rate | Auctions | Rate | Auctions | Rate | |
| Sydney | 792 | 71.9% | 912 | 71.0% | 745 | 72.3% |
| Melbourne | 949 | 66.9% | 993 | 65.9% | 877 | 68.9% |
| Brisbane | 113 | 40.4% | 116 | 54.7% | 52 | 40.8% |
| Adelaide | 111 | 76.5% | 113 | 81.8% | 86 | 79.7% |
| Canberra | 60 | 38.2% | 71 | 64.4% | 59 | 52.3% |
Source: My Housing Market
The national weekend auction market reported a clearance rate of 58.8% which was well below the 67.6% reported over the previous weekend – and also below the 62.8% recorded over the same weekend last year.
National auction numbers were also lower at the weekend with 2025 listings versus the previous weekends 2205, but remained well above the 1819 listed over the same weekend last year.
Although auction results were mixed over the first weekend of spring, a general rebound in activity overall can be expected over the coming weekends.
Sydney auction results
Note: Sydney clearance rate remains steady despite a significant plunge in listings.
The Sydney auction market reported a steady clearance rate at the weekend although auction numbers were well down on the previous weekend’s results.
Sydney recorded a clearance rate of 71.9% at the weekend which was again similar to the 71.0% recorded over the previous weekend but now just below the 72.3% rate recorded over the same weekend last year.
Auction numbers were however well down at the weekend with 792 listed versus the 912 recorded over the previous weekend, and still ahead of the 745 listed over the same weekend last year.
Sydney recorded a median price of $1,760,000 for houses sold at auction at the weekend which was higher than the previous weekend’s $1,611,000 and 3.3% higher than the $1,705,000 recorded over the same weekend last year.
The Central Coast recorded the highest regional clearance rate at the weekend at 82.5% followed by the City and East at 79.8% and the Lower North Shore at 76.9%. The North West reported the lowest clearance rate at 56.5%.
The clearance rate for houses was 70.4% with units higher this weekend at 74.8%.
Sydney region auction results (September 7th 2024):
| Region | Results | Clearance rate | Median |
|---|---|---|---|
| Canterbury Bankstown | 24 | 68.2% | $1,405,000 |
| Central Coast | 5 | 82.5% | $1,345,007 |
| City and East | 82 | 79.8% | $1,612,500 |
| Inner West | 81 | 72.3% | $1,550,000 |
| Lower North | 54 | 76.9% | $1,517,500 |
| North West | 23 | 56.5% | $1,830,000 |
| Northern Beaches | 30 | 75.9% | $1,250,000 |
| South | 47 | 73.3% | $1,931,000 |
| South West | 17 | 63.5% | $1,052,000 |
| Upper North Shore | 53 | 68.8% | $2,318,000 |
| West | 36 | 62.5% | $1,215,000 |
| Houses | 327 | 70.4% | $1,760,000 |
| Units | 149 | 74.8% | $1,010,000 |
| Total | 452 | 71.9% | $1,505,000 |
Source: My Housing Market
The top reported Sydney auction sale at the weekend was a 3-bedroom house at 130 Hewlett St Bronte sold for $7,300,000. View top selling home here 130 Hewlett St Bronte.
The most affordable home reported sold at auction in Sydney at the weekend was a 2-bedroom unit at 14/45-47 Calliope St Guildford that sold for $422,500.
Top Sydney sales (September 7th 2024):
| Address | Price | Agent |
|---|---|---|
| 130 Hewlett St Bronte | $7,300,000 | PPD Real Estate |
| 75 Grove St Birchgrove | $7,000,000 | BresicWhitney Balmain |
| 5 Irene St Wareemba | $5,500,000 | McGrath Strathfield |
| 111 Charles St Putney | $5,450,000 | Belle Property Strathfield |
| 3 Loombah Av East Lindfield | $5,200,000 | The Agency North |
| 61 Baringa Rd Northbridge | $5,160,000 | Morton |
| 45 Shaw Av Kingsford | $4,235,000 | Ray White Touma Group |
| 62/7-59 Macquarie St Sydney | $4,100,000 | Morton Circular Quay |
| 30 Rochester St Homebush | $4,020,000 | McGrath Strathfield |
| 25 Cross St Concord | $3,915,000 | McGrath Strathfield |
Source: My Housing Market
Melbourne auction results
Note: The Melbourne auction market had a strong start to spring.
Melbourne has reported a solid start to the spring auction market with steady listings, and clearance rate similar to the levels of recent weekends.
Melbourne recorded a clearance rate of 66.9% on Saturday which again was higher than the 65.9% recorded over the previous weekend and now similar to the 68.9% recorded over the same weekend last year.
949 homes were reported listed over the weekend which was lower than the 993 auctioned over the previous weekend but again higher the 877 listed over the same weekend last year.
Melbourne recorded a median price of $1,000,000 for houses sold at auction at the weekend which was similar to the $1,005,000 reported over the previous weekend but 10.3% lower than the $1,114,500 recorded over the same weekend last year.
Melbourne’s North reported the top regional clearance rate on Saturday with 76.2% followed by the Outer East at 74.5% and the West at 70.8%. The Inner City recorded the lowest regional rate at 57.1%.
The house clearance rate for houses was 67.6% with units lower again this weekend at 63.5%.
| Region | Results | Clearance rate | Median |
|---|---|---|---|
| Inner East | 103 | 60.8% | $1,313,000 |
| Inner South | 113 | 64.5% | $1,143,000 |
| Inner Urban | 76 | 57.1% | $1,075,000 |
| North East | 87 | 66.0% | $772,750 |
| Northern | 73 | 76.2% | $728,000 |
| Outer East | 91 | 74.5% | $1,125,000 |
| South East | 28 | 65.3% | $805,000 |
| West | 101 | 70.8% | $800,000 |
| Houses | 546 | 67.6% | $1,000,000 |
| Units | 126 | 63.5% | $695,000 |
| Total | 672 | 66.9% | $911,000 |
Source: My Housing Market
Melbourne’s top reported auction sale at the weekend was a 4-bedroom house at 5 Nyora St Malvern East that sold for $3,220,000. View top selling home here 5 Nyora St Malvern East.
The most affordable home reported sold at auction in Melbourne at the weekend was a 1-bedroom unit at 201/699B Barkly St West Footscray that sold for $298,000.
Top Melbourne sales (September 7th 2024):
| Address | Price | Agent |
|---|---|---|
| 5 Nyora St Malvern East | $3,220,000 | Marshall White Stonnington |
| 98 Leopold St South Yarra | $3,005,000 | Marshall White Port Phillip |
| 38 Baily St Mount Waverley | $3,000,000 | Jellis Craig Monash |
| 6 Burns St Moonee Ponds | $2,960,000 | Marshall White |
| 2 Fir Ct Mount Waverley | $2,950,000 | Jellis Craig Monash |
| 25 Kalang Rd Camberwell | $2,860,000 | Jellis Craig & Company Pty Ltd |
| 8 St Columbs St Hawthorn | $2,800,000 | Jellis Craig & Company Pty Ltd |
| 90 Great Valley Rd Glen Iris | $2,730,000 | HEAVYSIDE - Boroondara |
| 21 Mclauchlin Av Sandringham | $2,590,000 | Buxton Real Estate Bentleigh |
| 1 Howitt St Glen Iris | $2,210,000 | Shelter Real Estate |
Source: My Housing Market
Brisbane auction Results
Top Brisbane sales (September 7th 2024):
| Address | Price | Agent |
|---|---|---|
| 73 Beatrice St Bardon | $2,055,000 | Caroline Brown Property |
| 45 Kinnaird St Ashgrove | $1,950,000 | Caroline Brown Property |
| 12 Malinya Pl Wishart | $1,615,000 | Torres Property |
| 7 Burn Street Camp Hill | $1,275,000 | Place |
| 19 Whitsunday St Parkinson | $1,240,000 | Ray White Rochedale |
| 47 Jensen Rd Banyo | $1,210,000 | Ray White Banyo |
| 85 Passerine Dr Rochedale South | $1,100,000 | Place |
| 1/42 Roseby Av Clayfield | $910,000 | Ray White Metro North |
| 17 Springfield Pl Forest Lake | $785,000 | Harcourts Marketplace |
| 131 Mortimer Rd Acacia Ridge | $780,000 | Ray White |
Source: My Housing Market
Adelaide auction results
Top Adelaide sales (September 7th 2024):
| Address | Price | Agent |
|---|---|---|
| 45 Denning St Hawthorn | $2,900,000 | Ouwens Casserly |
| 30 Statenborough St Leabrook | $2,050,000 | Harris Real Estate |
| 45 Rochester St Leabrook | $1,704,000 | Booth Real Estate |
| 1a Hawke St Linden Park | $1,581,000 | Harris Real Estate |
| 3 Fifth Av Warradale | $1,540,000 | Ray White |
| 7 Boston Av Lockleys | $1,524,000 | Harris Real Estate Glenelg |
| 16 Maxwell Rd Manningham | $1,415,000 | LJ Hooker Property Specialists |
| 55 Goodall Crescent Salisbury | $1,375,000 | Harcourts |
| 22 Lochside Dr West Lakes | $1,371,000 | Harris Real Estate Glenelg |
| 8 Asquith Street Nailsworth | $1,350,000 | Boffo |
Source: My Housing Market
Canberra auction results
Top Canberra sales (September 7th 2024):
| Address | Price | Agent |
|---|---|---|
| 18 Whiteside Ct Nicholls | $1,673,000 | Ray White Canberra |
| 22 Arabana St Aranda | $1,415,000 | Blackshaw Weston Creek |
| 21 Medworth Cr Lyneham | $1,325,000 | Carter and Co Agents |
| 14 Arndt St Forde | $1,013,750 | Stone Gungahlin |
| 31/58 Eileen Good St Greenway | $880,000 | Luton Weston Creek |
| 72 Newman Morris Cct Oxley | $796,000 | Luton Properties - Manuka |
| 15 Collyburl Cr Isabella Plains | $770,000 | Luton Properties Tuggeranong |
Source: My Housing Market
- Also read:Auction Report Sep 7th 2024 | Spring Weekend Auction Market Officially Begins with Mixed Results
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