Key takeaways
The March auction market has started strong, with positive clearance rates in most capitals, despite an increase in listings.
The national weekend auction market saw a clearance rate of 62.6% last week.
Early-year auction markets show strong results from rising listings, with buyer and seller confidence boosted by the recent RBA interest rate cut, suggesting potential price growth.
The March auction market has commenced with generally steady clearance rates reported in most capitals despite another rise in listings over the past week.
This weekend's auction results around Australia:
| Capital City | This Week | Last Week | Saturday Last Year | |||
|---|---|---|---|---|---|---|
| Auctions | Rate | Auctions | Rate | Auctions | Rate | |
| Sydney | 1291 | 74.3% | 1218 | 75.6% | 912 | 74.9% |
| Melbourne | 1362 | 66.7% | 1355 | 69.1% | 1275 | 65.4% |
| Brisbane | 159 | 39.0% | 131 | 39.6% | 115 | 68.3% |
| Adelaide | 169 | 73.4% | 175 | 67.1% | 146 | 76.2% |
| Canberra | 96 | 59.5% | 109 | 63.0% | 83 | 63.3% |
Source: My Housing Market
The national weekend auction market reported a clearance rate of 62.6% over the past week which was just below the 62.9% reported over the previous week – and lower than the 69.6% recorded over the same week last year.
Early-year auction markets have continued to report generally solid results from surging listings with buyer and seller confidence and the prospect of prices growth supported by the recent RBA interest rate cut.
Sydney auction results
Note: Sydney clearance rate slightly lower but still strong.
The Sydney auction market reported a slightly lower clearance rate over the past week but remained clearly in favour of sellers despite another sharp rise in auction numbers.
Sydney recorded a clearance rate of 74.3% over the past week which was slightly lower than the 75.6% recorded over the previous week and similar to the 74.9% rate recorded over the same week last year.
Auction numbers were again significantly higher over the past week with 1291 reported listed versus the 1218 recorded over the previous week and well ahead of the 912 reported over the same week last year.
Sydney recorded a median price of $2,070,000 for houses sold at auction over the past week which was higher than the $1,940,000 recorded over the previous week and 15.9% higher than the $1,786,500 recorded over the weekend of the same week last year.
The Northern Beaches again recorded the highest regional clearance rate over the past week at 79.4% closely followed by Canterbury Bankstown at 79.3% and the City and East at 74.4%. The Central Coast reported the lowest clearance rate at 60.0%.
The clearance rate for houses was 73.1% with units higher again this week at 77.2%.
Sydney Regions Auction Results, Saturday, March 1st 2025:
| Region | Results | Clearance rate | Median |
|---|---|---|---|
| Canterbury Bankstown | 29 | 79.3% | $1,488,000 |
| Central Coast | 10 | 60.0% | $850,000 |
| City and East | 180 | 74.4% | $1,635,000 |
| Inner West | 96 | 74.0% | $1,475,000 |
| Lower North | 101 | 70.3% | $1,376,000 |
| North West | 28 | 64.3% | $2,060,000 |
| Northern Beaches | 63 | 79.4% | $1,915,000 |
| South | 62 | 74.2% | $1,530,000 |
| South West | 32 | 65.6% | $1,230,000 |
| Upper North Shore | 117 | 72.6% | $2,340,000 |
| West | 64 | 67.2% | $1,345,000 |
| Houses | 516 | 73.1% | $1,846,000 |
| Units | 249 | 77.2% | $940,000 |
| Total | 765 | 74.3% | $1,530,000 |
Source: My Housing Market
The top reported Sydney home reported sold over the past week was a 6-bedroom house at 45 Fowler Cr Maroubra that sold for $7,125,000.
View top selling home here 45 Fowler Cr Maroubra.
The most affordable home reported sold at auction in Sydney over the past week was a 2-bedroom unit at 9/2 Melrose Av Wiley Park that sold for $465,000.
Top Sydney Sales, Saturday, March 1st 2025:
| Address | Price | Agent |
|---|---|---|
| 45 Fowler Cr Maroubra | $7,125,000 | Ray White Eastern Beaches |
| 45 Mudies Rd St Ives | $6,680,000 | Ray White Upper North Shore |
| 51 Ayres Rd St Ives | $6,650,000 | The Marshall Group RE |
| 120-122 Pittwater Rd Gladesville | $6,000,000 | BresicWhitney Hunters Hill |
| 29 George St Greenwich | $5,600,000 | Raine & Horne Lower North |
| 74 Billyard Av Wahroonga | $5,400,000 | Ray White Upper North Shore |
| 31 Stanley Rd Epping | $5,208,000 | Stone Real Estate Beecroft |
| 47 Surrey St Darlinghurst | $5,000,000 | Ray White Woollahra Group |
| 19 Malvern Av Roseville | $4,980,000 | Ray White Upper North Shore |
| 60B Dutruc St Randwick | $4,905,000 | PPD Real Estate |
Source: My Housing Market
Melbourne auction results
Note: Melbourne clearance rate eases again from higher listings.
Melbourne’s auction clearance was lower again this week from a similar number of listings.
Melbourne recorded a clearance rate of 66.7% over the past week which was lower than the 69.1% recorded over the previous week but again higher than the 65.4% recorded over the same week last year.
1362 homes were reported listed over the past week which was similar to the 1355 auctioned over the previous week but well above the 1275 auctioned over the same week last year.
Melbourne recorded a median price of $985,000 for houses sold at auction over the past week which was lower than the $1,086,000 reported over the previous week and 12.0% lower than the $1,118,750 recorded over the same week last year.
Melbourne’s South East reported the top regional clearance rate over the past week with 71.2% followed by the Outer East at 69.7% and the North East at 67.9%. The North again recorded the lowest regional rate at 65.1%.
The house clearance rate for houses was 67.0% with units lower again this week at 62.3%.
Melbourne Regions Auction Results, Saturday, March 1st 2025:
| Region | Results | Clearance rate | Median |
|---|---|---|---|
| Inner East | 125 | 66.4% | $1,440,000 |
| Inner South | 179 | 67.6% | $1,175,000 |
| Inner Urban | 129 | 60.5% | $1,230,000 |
| North East | 134 | 67.9% | $815,000 |
| Northern | 92 | 67.4% | $795,000 |
| Outer East | 89 | 69.7% | $1,138,500 |
| South East | 59 | 71.2% | $874,500 |
| West | 196 | 64.3% | $807,000 |
| Houses | 849 | 67.0% | $985,000 |
| Units | 154 | 62.3% | $710,000 |
| Total | 1003 | 66.7% | $927,500 |
Source: My Housing Market
Melbourne’s top reported auction sale at the weekend was a 4-bedroom house at 80 Beaconsfield Pde Albert Park that sold for $4,900,000.
View top selling home here: 80 Beaconsfield Pde Albert Park.
The most affordable home reported sold at auction in Melbourne at the weekend was a 1-bedroom unit at 5/26 Newcastle St Newport that sold for $235,000.
Top Melbourne Sales, Saturday, March 1st 2025:
| Address | Price | Agent |
|---|---|---|
| 80 Beaconsfield Pde Albert Park | $4,900,000 | Jellis Craig Port Phillip |
| 16 Margaret St Canterbury | $4,500,000 | Marshall White Boroondara |
| 7 Hale St Kew East | $4,255,000 | Jellis Craig & Company |
| 86 Helen St Northcote | $3,600,000 | Marshall White |
| 9 Callanish Rd Camberwell | $3,475,000 | HEAVYSIDE - Boroondara |
| 7 Bonnyview St Glen Iris | $3,160,000 | Marshall White Boroondara |
| 4 Longstaff St Carnegie | $2,950,000 | Gary Peer |
| 11 Rouen St Hampton | $2,850,000 | Buxton Real Estate |
| 70 Stanhope St Malvern | $2,837,000 | Marshall White Stonnington |
| 222 Woodland St Strathmore | $2,800,000 | McDonald Upton |
Source: My Housing Market
Brisbane auction Results
Top Brisbane Sales, Saturday, March 1st 2025:
| Address | Price | Agent |
|---|---|---|
| 31 Mayfield St Ascot | $4,011,000 | Ray White Ascot |
| 36 Arlington St Coorparoo | $3,150,000 | Ed Cassidy Property |
| 25 Shire St Coorparoo | $2,935,000 | Place Estate Agents Camp Hill |
| 54-56 Granadilla St Macgregor | $1,850,000 | Ray White Mount Gravatt |
| 2 Cremin St Upper Mount Gravatt | $1,805,000 | Ray White Mount Gravatt |
| 4 Warril St Wavell Heights | $1,750,000 | Ray White Wilston |
| 104 Kenna St Aspley | $1,505,000 | Place |
| 8 Millicent St Moorooka | $1,501,000 | ATLAS BY LJ HOOKER BRISBANE |
| 10 Araluen St Kedron | $1,475,000 | Ray White Wilston |
| 14 Elwyn St Northgate | $1,465,000 | Ray White |
Source: My Housing Market
Adelaide auction results
Top Adelaide Sales, Saturday, March 1st 2025:
| Address | Price | Agent |
|---|---|---|
| 19 Linden Av Hazelwood Park | $1,910,000 | AC Real Estate |
| 8 Hallam St Myrtle Bank | $1,700,000 | Harris Real Estate - Kent Town |
| 2B Tippett Av Marden | $1,590,000 | Ray White Burnside |
| 7 Homestead Cr Skye | $1,460,000 | Ray White Unley |
| 44 Somers St North Brighton | $1,357,500 | Ray White |
| 22 Rankine Rd Torrensville | $1,305,000 | Ray White Woodville |
| 43 Esplanade Christies Beach | $1,305,000 | Ray White Unley |
| 2 Matson Ct West Lakes | $1,281,000 | Agency Avenue West |
| 1/467 Portrush Rd Glenside | $1,250,000 | Harris Real Estate - Kent Town |
| 22B Wilson Av Felixstow | $1,203,000 | Boffo Real Estate |
Source: My Housing Market
Canberra auction results
Top Canberra Sales, Saturday, March 1st 2025:
| Address | Price | Agent |
|---|---|---|
| 108 Vasey Cr Campbell | $2,355,000 | Luton Properties - Manuka |
| 93 Captain Cook Cr Narrabundah | $1,740,000 | Blackshaw Manuka |
| 1/24-28 Telopea Pk Kingston | $1,691,000 | Blackshaw Manuka |
| 53 Roma Mitchell Cr Watson | $1,540,000 | Bastion Property Group |
| 54 Woolner Cct Hawker | $1,400,000 | BORIS. |
| 10 Ogilvie Pl Garran | $1,325,000 | Cream Residential |
| 22 Mackennal St Lyneham | $1,300,000 | Blackshaw Manuka |
| 68 Moorhouse St O'Connor | $1,290,000 | Ray White Canberra |
| 46 A'beckett St Watson | $1,250,000 | home.byholly |
| 49 Bimberi Cr Palmerston | $1,250,000 | Blackshaw Gungahlin |
Source: My Housing Market
- Also read:Housing downturn reverses in February | Latest Corelogic Data
- Also read:Auction Report Mar 1st 2025 | Auction Clearance Rates Steady Despite Higher Listings
- Also read:House Prices Fall Again Over February | Latest Housing Market Stats Dr.Andrew Wilson
- Also read:Anticipating the Next Move: How Recent Labour Trends Could Shape RBA’s Rate Decisions | Property Insiders
- Also read:This week’s Australian Property Market Update – Latest Data, State by State February 25th 2025
