Key takeaways
The December auction market has commenced with more generally steady clearance rates as listings predictably fell over the penultimate auction week of the year.
The national weekend auction market reported a clearance rate of 60.1% over the past week which was higher than the 58.2% reported over the previous week – but just below the 61.5% recorded over the corresponding weekend last year.
Clearance rates have continued to reflect generally positive results for most sellers as the auction season winds down with only one week left until the lengthy holiday break.
The December auction market has commenced with more generally steady clearance rates as listings predictably fell over the penultimate auction week of the year.
This weekend's auction results around Australia:
| Capital City | This Week | Last Week | Saturday Last Year | |||
|---|---|---|---|---|---|---|
| Auctions | Rate | Auctions | Rate | Auctions | Rate | |
| Sydney | 1169 | 62.4% | 1345 | 68.0% | 1205 | 66.9% |
| Melbourne | 1328 | 64.0% | 1567 | 64.1% | 1279 | 61.5% |
| Brisbane | 192 | 48.6% | 180 | 39.4% | 224 | 51.4% |
| Adelaide | 201 | 65.0% | 222 | 63.8% | 207 | 63.8% |
| Canberra | 100 | 60.4% | 132 | 55.7% | 139 | 64.1% |
Source: My Housing Market
The national weekend auction market reported a clearance rate of 60.1% over the past week which was higher than the 58.2% reported over the previous week – but just below the 61.5% recorded over the corresponding weekend last year.
Sydney auction results
The Sydney auction market reported a sharply lower clearance rate over the past week compared to the previous week's results despite a fall in listings.
Sydney recorded a clearance rate of 62.4% over the week which was well below the 68.0% recorded over the previous week and lower than the 66.9 % rate recorded over the corresponding weekend last year.
Auction numbers were also lower over the past week with 1169 listed versus the 1345 recorded over the previous week and also below the 1205 reported over the same week last year.
Sydney recorded a median price of $1,687,500 for houses sold at auction over the past week which was lower than the previous week’s $1,895,250 but 5.5% higher than the $1,600,000 recorded over the weekend of the same week last year.
The Central Coast and the North West each recorded the highest regional clearance rate over the past week at 66.7% followed by the West at 64.7%. The Lower North reported the lowest clearance rate at 42.9%.
The clearance rate for houses was 65.4% with units lower this week at 54.6%.
Sydney Regions Auction Results, Saturday, Dec 7th 2024:
| Region | Results | Clearance rate | Median |
|---|---|---|---|
| Canterbury Bankstown | 19 | 57.9% | $1,338,000 |
| Central Coast | 9 | 66.7% | $1,200,000 |
| City and East | 71 | 53.5% | $1,365,000 |
| Inner West | 65 | 64.6% | $1,750,000 |
| Lower North | 28 | 42.9% | $1,865,000 |
| North West | 24 | 66.7% | $2,082,000 |
| Northern Beaches | 26 | 50.0% | $1,550,000 |
| South | 58 | 58.6% | $1,580,000 |
| South West | 29 | 51.7% | $1,192,750 |
| Upper North Shore | 36 | 63.9% | $2,413,888 |
| West | 34 | 64.7% | $1,215,000 |
| Houses | 496 | 65.4% | $1,687,500 |
| Units | 206 | 54.6% | $930,000 |
| Total | 399 | 62.4% | $1,500,000 |
Source: My Housing Market
The top reported Sydney auction sale over the past week was a 4-bedroom house at 17 Nelson Pde Hunters Hill that sold for $11,560,000. View top selling home here: Nelson Pde Hunters Hill.
The most affordable home reported sold at auction in Sydney over the past week was a 1-bedroom unit at 91/459-463 Church St Parramatta that sold for $405,000.
Top Sydney Sales, Saturday, Dec 7th 2024:
| Address | Price | Agent |
|---|---|---|
| 17 Nelson Pde Hunters Hill | $11,560,000 | TRG |
| 32 Myee Av Strathfield | $8,800,000 | McGrath Strathfield |
| 61 Hickson St Merewether | $6,000,000 | Robinson Property |
| 144 Homebush Rd Strathfield | $5,025,000 | McGrath Strathfield |
| 137 Belmont St Alexandria | $4,760,000 | Sydney Sotheby's International |
| 17 Lamette St Chatswood | $4,543,000 | Ray White Upper North Shore |
| 379 Sailors Bay Rd Northbridge | $3,955,000 | Allan Dale Real Estate |
| 1 Eric Green Dr Mona Vale | $3,900,000 | Ray White Northern Beaches |
| 44 Duneba Av West Pymble | $3,800,000 | Orr&Co Estate Agents |
| 21 Karoo Av East Lindfield | $3,796,000 | Ray White Upper North Shore |
Source: My Housing Market
Melbourne auction results
Melbourne auction clearance rates were steady over the past week compared to the previous weeks results with listings predictably lower as the season wanes.
Melbourne recorded a clearance rate of 64.0% over the past week which was similar to the 64.1% recorded over the previous week but higher than the 61.5% recorded over the weekend of the corresponding week last year.
1328 homes were reported listed over the past week which was well below the 1567 auctioned over the previous week but higher than the 1279 listed over the same week last year.
Melbourne recorded a median price of $956,500 for houses sold at auction over the past week which was lower than the $1,007,000 reported over the previous week and 11.4% lower than the $1,080,000 recorded over the corresponding weekend last year.
Melbourne’s Outer East reported the top regional clearance rate over the past week with 67.9% followed by the Inner East at 66.9% and the North East at 66.2 %. The Inner City and the West each recorded the lowest regional rate at 59.0%.
The house clearance rate for houses was 64.7% with units lower again at 56.5%.
Melbourne Regions Auction Results, Saturday, Dec 7th 2024:
| Region | Results | Clearance rate | Median |
|---|---|---|---|
| Inner East | 118 | 66.9% | $1,361,000 |
| Inner South | 116 | 63.8% | $1,078,000 |
| Inner Urban | 105 | 59.0% | $1,285,000 |
| North East | 139 | 66.2% | $796,250 |
| Northern | 111 | 62.2% | $795,000 |
| Outer East | 112 | 67.9% | $1,165,000 |
| South East | 58 | 63.8% | $795,000 |
| West | 178 | 59.0% | $857,500 |
| Houses | 790 | 64.7% | $965,000 |
| Units | 147 | 56.5% | $720,000 |
| Total | 937 | 64.0% | $928,000 |
Source: My Housing Market
Melbourne’s top reported auction sale at the weekend was a 5-bedroom house at 2 Wright St Brighton that sold for $4,010,000. View top selling home here: 2 Wright St Brighton.
The most affordable home reported sold at auction in Melbourne at the weekend was a 2-bedroom unit at 6/715 Princes Hwy Springvale that sold for $350,000.
Top Melbourne Sales, Saturday, Dec 7th 2024:
| Address | Price | Agent |
|---|---|---|
| 2 Wright St Brighton | $4,010,000 | Buxton Real Estate Brighton |
| 23 Cambridge St Hawthorn East | $3,537,000 | HEAVYSIDE - Boroondara |
| 123 Richmond Tce Richmond | $3,375,000 | BigginScott Richmond |
| 25 Nevis St Camberwell | $2,937,000 | Marshall White |
| 19 Eva St Malvern | $2,660,000 | Jellis Craig Stonnington |
| 4/631 Orrong Rd Toorak | $2,600,000 | Ray White Burwood |
| 14 Charlton Rd Eaglemont | $2,525,000 | Nelson Alexander Ivanhoe |
| 21 Ivy St Hampton | $2,480,000 | Buxton Real Estate |
| 41 Reed St Albert Park | $2,405,000 | Marshall White Port Phillip |
| 25 Beissel St Richmond | $2,354,000 | Jellis Craig Richmond |
Source: My Housing Market
Brisbane auction Results
Top Brisbane Sales, Saturday, Dec 7th 2024:
| Address | Price | Agent |
|---|---|---|
| 15 Molonga Tce Graceville | $3,620,000 | Ray White Sherwood |
| 19/16 Bright St Kangaroo Point | $3,125,000 | JOHNSTON DIXON |
| 25 Robinson Pl Currumbin Waters | $1,900,000 | COASTAL ° Palm Beach |
| 44 Chermside St Grange | $1,810,000 | Ray White Wilston |
| 81 Cadogan St Carindale | $1,792,500 | Torres Property |
| 21 Sixth Av Palm Beach | $1,734,000 | Belle Property Palm Beach |
| 123 Herston Rd Kelvin Grove | $1,731,000 | Place |
| 14 Pembroke St Carina | $1,721,000 | Ray White Carina |
| 7A/135 Parkyn Pde Mooloolaba | $1,700,000 | Whisker Coastal Property |
| 3 Malinya Pl Wishart | $1,450,000 | Ray White |
Source: My Housing Market
Adelaide auction results
Top Adelaide Sales, Saturday, Dec 7th 2024
| Address | Price | Agent |
|---|---|---|
| 44 Winchester St St Peters | $2,925,000 | TOOP+TOOP Real Estate |
| 38 French St Netherby | $2,750,000 | Williams Real Estate |
| 2 Rymill Rd Somerton Park | $2,200,000 | Harcourts Packham |
| 40 Frost St Newton | $1,887,000 | Ray White Kensington |
| 17 Wilpena Av Klemzig | $1,613,000 | Ray White |
| 10 Mayfair Dr West Beach | $1,505,000 | Ouwens Casserly |
| 89 Pulsford Rd Prospect | $1,505,000 | Fox Real Estate |
| 65 Salop St Beulah Park | $1,450,000 | Harris Real Estate - Kent Town |
| 9 Northcliffe St Cumberland Park | $1,385,000 | Harris Real Estate - Daw Park |
| 41 Gleneagles Rd Mount Osmond | $1,357,000 | Ray White Burnside |
Source: My Housing Market
Canberra auction results
Top Canberra Sales, Saturday, Dec 7th 2024:
| Address | Price | Agent |
|---|---|---|
| 37 Tasmania Cir Forrest | $3,900,000 | Blackshaw Manuka |
| 26 Yiman St Waramanga | $1,640,000 | VERV Property |
| 20 Foxall St Holder | $1,375,000 | Luton Weston Creek, Woden |
| 5 Janari Pl Aranda | $1,350,000 | Ray White Canberra |
| 67 Webster St Hughes | $1,245,000 | The Property Collective |
| 25 Nuleri St Crace | $1,225,000 | MARQ Property |
| 10 Mackrell Pl Calwell | $1,200,000 | Bastion Property Group |
| 4 Mclean Pl Curtin | $1,062,000 | Belle Property Canberra |
| 47 Tristania St Rivett | $1,017,000 | Blackshaw Weston Creek |
| 32 Weathers St Gowrie | $1,002,500 | Luton Weston Creek, Woden |
Source: My Housing Market
- Also read:This week’s Australian Property Market Update – Latest Data, State by State December 10th 2024
- Also read:Auction Report Dec 7th 2024 | Auctions Numbers Lower but Clearance Rates Generally Steady to Begin December
- Also read:Everything you need to know about the state of Australia’s property markets in 20 charts – December 2024
- Also read:Latest Asking Prices State by State | Total property listings rise 7.6%
- Also read:National upswing in home values is all but over with values rising just 0.1% in November
