Key takeaways
National auction market strengthened with increased clearance rates despite higher property listings.
Clearance rates rose compared to both the previous week and the same week last year.
Buyer demand remains solid ahead of expected listing dip for King’s Birthday long weekend.
Auction markets have continued to strengthen over the final week of autumn, with most capitals reporting higher clearance rates despite another surge in listings.
This weekend's auction results around Australia:
| Capital City | This Week Auctions |
This Week Rate |
Last Week Auctions |
Last Week Rate |
Same Week Last Year Auctions |
Same Week Last Year Rate |
|---|---|---|---|---|---|---|
| Sydney | 1008 | 74.0% | 754 | 74.7% | 899 | 71.7% |
| Melbourne | 1417 | 71.5% | 1184 | 72.1% | 1109 | 66.3% |
| Brisbane | 144 | 48.0% | 179 | 43.3% | 141 | 50.4% |
| Adelaide | 132 | 66.8% | 155 | 64.6% | 152 | 77.8% |
| Canberra | 97 | 66.1% | 113 | 62.9% | 68 | 54.3% |
Source: My Housing Market
The national weekend auction market reported an average clearance rate of 65.3% over the past week which was higher than the 63.5% reported over the previous week and also higher than the 64.1% reported over the same week last year.
Housing market listings will likely be lower next week ahead of the Kings Birthday long weekend holiday in some states however buyer activity can be expected to continue to produce solid to robust clearance rates.
Sydney auction results
Note: Sydney clearance rate steady.
The robust Sydney auction market reported a steady clearance rate over the past week despite another surge in listings.
Sydney recorded a clearance rate of 74.0% over the past week which was similar to the 74.7% recorded over the previous week and again higher than the 71.7% reported over the same week last year.
Auction numbers were again significantly higher over the past week with 1008 listed versus the 754 auctioned over the previous week and also higher than the 899 reported over the same week last year.
Sydney recorded a median price of $1,846,000 for houses sold at auction over the past week which was lower than the $1,920,000 recorded over the previous week but 8.6% higher than the $1,700,000 reported over the same week last year.
The Inner West recorded the highest regional clearance rate over the past week at 76.6% followed by the Lower North at 75.9% and Canterbury Bankstown at 75.5%. The Central Coast again reported the lowest clearance rate at 53.3%.
The clearance rate for houses was 73.6% with units higher again this week at 75.1%.
Sydney Regions Auction Results, Saturday, May 31st 2025:
| Region | Results | Clearance Rate | Median |
|---|---|---|---|
| Canterbury Bankstown | 49 | 75.5% | $1,517,500 |
| Central Coast | 15 | 53.3% | $1,300,000 |
| City and East | 156 | 74.4% | $1,900,000 |
| Inner West | 128 | 76.6% | $1,815,000 |
| Lower North | 87 | 75.9% | $1,600,000 |
| North West | 30 | 73.3% | $1,936,500 |
| Northern Beaches | 47 | 68.1% | $1,795,000 |
| South | 90 | 71.1% | $1,750,000 |
| South West | 36 | 58.3% | $1,266,750 |
| Upper North Shore | 80 | 71.3% | $2,400,000 |
| West | 60 | 60.0% | $1,241,000 |
| Houses | 545 | 73.6% | $1,846,000 |
| Units | 219 | 75.1% | $1,080,000 |
| Total | 764 | 74.0% | $1,695,500 |
Source: My Housing Market
The top reported Sydney home reported sold over the past week was a 6-bedroom house at 131 The Boulevarde Strathfield that sold for $10,100,000.
The most affordable home reported sold at auction in Sydney over the past week was a 1-bedroom unit at 2/21 Yerrick Rd Lakemba that sold for $350,000.
Top Sydney Sales, Saturday, May 31st 2025:
| Address | Price | Agent |
|---|---|---|
| 131 The Boulevarde Strathfield | $10,100,000 | McGrath Strathfield |
| 26 Pleasant Wy Blakehurst | $8,600,000 | Laing+Simmons St George |
| 3 Kahibah Rd Mosman | $7,100,000 | Ray White Lower North Shore |
| 19 Gale St Hunters Hill | $6,890,000 | BresicWhitney Hunters Hill |
| 73 Mintaro Av Strathfield | $6,808,000 | McGrath Strathfield |
| 1/116-118 Beach St Coogee | $6,010,000 | PPD Real Estate |
| 78 Livingstone Av Pymble | $5,630,000 | DiJones Upper North Shore |
| 31 Durham St Concord | $5,300,000 | Horwood Nolan |
| 63 Augusta St Strathfield | $4,750,000 | McGrath Strathfield |
| 8 Mclean Av Chatswood | $4,500,000 | DiJones - Chatswood |
Source: My Housing Market
Melbourne auction results
Note: Revving Melbourne market auction clearance rate steady despite high listings.
Melbourne’s again recorded yet another relatively strong auction clearance rate over the past week despite another surge in listings.
Melbourne recorded a clearance rate of 71.5% over the past week which was similar to the 72.1% recorded over the previous week and again well ahead of the 66.3% reported over the same week last year.
1417 homes were reported listed for auction over the past week, which was significantly higher than the 1184 auctioned over the previous week and also well ahead of the 1109 reported over the same week last year.
Melbourne recorded a median price of $1,015,000 for houses sold at auction over the past week, which was lower than the $1,085,000 reported over the previous week and 5.6% lower than the $1,075,000 reported over the same week last year.
Melbourne’s Outer East again reported the top regional clearance rate over the past week with 79.4%, followed by the North at 74.8% and the North East at 73.3%. The Inner East recorded the lowest regional rate at 65.0%.
The clearance rate for houses was 72.0%, with units lower this week at 67.9%.
Melbourne Regions Auction Results, Saturday, May 31st 2025:
| Region | Results | Clearance Rate | Median |
|---|---|---|---|
| Inner East | 140 | 65.0% | $1,456,500 |
| Inner South | 163 | 72.4% | $1,150,000 |
| Inner Urban | 122 | 71.3% | $1,012,500 |
| North East | 150 | 73.3% | $860,000 |
| Northern | 111 | 74.8% | $825,250 |
| Outer East | 102 | 79.4% | $1,216,000 |
| South East | 43 | 65.1% | $932,500 |
| West | 202 | 69.3% | $840,000 |
| Houses | 893 | 72.0% | $1,015,000 |
| Units | 140 | 67.9% | $751,500 |
| Total | 1033 | 71.5% | $950,000 |
Source: My Housing Market
Melbourne’s top reported auction sale over the week was a 4-bedroom house at 34 Balmerino Av Toorak that sold for $6,110,000.
The most affordable home reported sold at auction in Melbourne over the week was a 1-bedroom unit at 8/15 Hawthorn Rd Caulfield North that sold for $133,000.
Top Melbourne Sales, Saturday, May 31st 2025:
| Address | Price | Agent |
|---|---|---|
| 34 Balmerino Av Toorak | $6,110,000 | Marshall White Stonnington |
| 42 Bruce St Toorak | $6,100,000 | Marshall White Stonnington |
| 15 Latham St Ivanhoe | $5,320,000 | Nelson Alexander Ivanhoe |
| 32 Fairmount Rd Hawthorn East | $4,745,000 | Marshall White |
| 23 Folkestone Rd Glen Waverley | $3,970,000 | LLC Real Estate |
| 33 Victoria Cr Mont Albert | $3,830,000 | Shelter Real Estate |
| 12 Clifton St Clifton Hill | $3,330,000 | Jellis Craig Fitzroy |
| 39 Brunel St Malvern East | $3,155,000 | Marshall White Stonnington |
| 154 Ludstone St Hampton | $3,065,000 | Buxton Real Estate |
| 142A Wattle Valley Rd Camberwell | $2,900,000 | Jellis Craig & Company Pty Ltd |
Source: My Housing Market
Brisbane auction Results
Top Brisbane Sales, Saturday, May 31st 2025:
| Address | Price | Agent |
|---|---|---|
| 96/8 Goodwin St Kangaroo Point | $4,090,000 | Dixon Estate Agents |
| 12 The Crescent Coorparoo | $3,370,000 | Harcourts Property Centre |
| 80 Reeve St Clayfield | $3,000,000 | Ray White Ascot |
| 24 Main Av Wilston | $2,850,000 | Ray White Wilston |
| 41 Oateson Skyline Dr Seven Hills | $2,560,000 | REMAX Results |
| 22 Sussex St West End | $2,500,000 | Leo Tsimpikas Real Estate |
| 29 Mccormack Av Ashgrove | $2,300,000 | Place |
| 13 Tangy St Brookfield | $2,075,000 | Brisbane Real Estate.com.au |
| 38 Langley Av Wilston | $1,825,000 | Ray White Wilston |
| 55 Muir St Cannon Hill | $1,750,000 | Ray White |
Source: My Housing Market
Adelaide auction results
Top Adelaide Sales, Saturday, May 31st 2025:
| Address | Price | Agent |
|---|---|---|
| 6 Castle Av Prospect | $2,071,000 | Ray White Salisbury |
| 10 Ranelagh St Woodville | $1,605,000 | Ray White Prospect |
| 13 Wandilla St Grange | $1,600,000 | WHITEFOX Real Estate - Adelaide |
| 12 Dix Av Marden | $1,592,500 | Ouwens Casserly |
| 14 Clovelly Av Glenelg North | $1,533,000 | Ray White |
| 53 Main St Lockleys | $1,525,000 | Ray White Woodville |
| 1A Duncan Rd Beaumont | $1,350,388 | Pilgrim |
| 56 Sydney St Glenside | $1,350,000 | Alexander Real Estate |
| 5 Caddy Ct Grange | $1,185,000 | Ray White Grange |
| 17 Brecon St Lockleys | $1,130,000 | Eclipse Real Estate |
Source: My Housing Market
Canberra auction results
Top Canberra Sales, Saturday, May 31st 2025:
| Address | Price | Agent |
|---|---|---|
| 28 Schwarz Pl Flynn | $1,815,000 | Blackshaw Gungahlin |
| 1 Raoul Pl Lyons | $1,650,000 | Luton Properties - Manuka |
| 39 Bruxner Cl Gowrie | $1,580,000 | Blackshaw Manuka |
| 19 Merv Waite St Gordon | $1,512,000 | Luton Properties Tuggeranong |
| 1/1 Cabarita Tce O'malley | $1,470,000 | Cream Residential |
| 48 Temperley St Nicholls | $1,395,000 | Town Residential |
| 1 Jacka Cr Campbell | $1,385,000 | Belle Property Canberra |
| 62 Rosman Cct Gilmore | $1,350,000 | Edge Oliver Muscat |
| 88 Zanci St Crace | $1,338,000 | MARQ Property |
| 8 Cobb Cr Ainslie | $1,300,000 | Blackshaw Gungahlin |
Source: My Housing Market
- Also read:Housing values continue to rise as growth trends converge across the capital cities | Latest Cotality Data
- Also read:Auction Report May 31st 2025 | Auction Markets Surge Over Final Week of Autumn
- Also read:May Home Prices Rise as Interest Rates Fall | Latest Housing Market Stats Dr. Andrew Wilson
- Also read:Rate Cuts, Rising Wages and Robust Auctions – A Turning Point for the Property Market? | Property Insiders
- Also read:This week’s Australian Property Market Update – Latest Data, State by State May 27th 2025
