Key takeaways
The spring selling season continues to wind down with end of season activity typically characterised by higher listing numbers, although clearance rates were generally higher than those reported over the previous week.
National auction clearance rate rose to 59.6%, up from 55.5% the previous week, but still below the 63.3% recorded over the corresponding weekend last year.
Sydney's clearance rate increased to 69.3% with 1,487 auctions held.
Melbourne's clearance rate was 61.7% from 1,452 auctions.
Brisbane's clearance rate improved to 39.6% with 193 auctions.
Adelaide and Canberra reported clearance rates of 68.5% and 59.1%, respectively.
Although clearance rates were higher over the past week despite the usual surge in end of season listings, rates are likely to come under downward pressure over the coming month in the face of high auction numbers.
The spring selling season continues to wind down with end of season activity typically characterised by higher listing numbers, although clearance rates were generally higher than those reported over the previous week.
This weekend's auction results around Australia:
| Capital City | This Week | Last Week | Saturday Last Year | |||
|---|---|---|---|---|---|---|
| Auctions | Rate | Auctions | Rate | Auctions | Rate | |
| Sydney | 1487 | 69.3% | 1446 | 67.6% | 1191 | 67.2% |
| Melbourne | 1452 | 61.7% | 1372 | 63.5% | 1350 | 64.5% |
| Brisbane | 193 | 39.6% | 183 | 34.0% | 179 | 55.6% |
| Adelaide | 209 | 68.5% | 212 | 65.3% | 198 | 77.6% |
| Canberra | 128 | 59.1% | 123 | 47.3% | 100 | 51.8% |
Source: My Housing Market
The national weekend auction market reported a clearance rate of 59.6% over the past week which was higher than the 55.5% reported over the previous week – but it was still below the 63.3% recorded over the corresponding weekend last year.
Although clearance rates were higher over the past week despite the usual surge in end of season listings, rates are likely to come under downward pressure over the coming month in the face of high auction numbers.
Sydney auction results
The Sydney auction market again reported a higher clearance rate over the past week compared to the previous week's result, despite high auction numbers yet again testing buyer depth.
Sydney recorded a clearance rate of 69.3% over the week which was higher than the 67.6% recorded over the previous week and also higher than the 67.2 % rate recorded over the corresponding weekend last year.
Auction numbers were high again over the past week with 1487 listed versus the 1446 recorded over the previous week and well ahead of the 1191 reported over the same week last year.
Sydney recorded a median price of $1,740,000 for houses sold at auction over the past week which was lower than the previous week’s $1,610,000 and 4.5% higher than the $1,665,000 recorded over the weekend of the same week last year.
The Northern Beaches recorded the highest regional clearance rate over the past week at 82.4% followed by the Upper North Shore at 80.0% and the Lower North 77.5%. The North West again reported the lowest clearance rate at 43.5%.
The clearance rate for houses was 67.3% with units higher again this week at 74.2%.
Sydney Regions Auction Results, Saturday, Nov 16th 2024:
| Region | Results | Clearance rate | Median |
|---|---|---|---|
| Canterbury Bankstown | 28 | 71.4% | $1,635,000 |
| Central Coast | 14 | 57.1% | $1,050,000 |
| City and East | 72 | 62.5% | $1,350,000 |
| Inner West | 80 | 76.3% | $1,600,000 |
| Lower North | 40 | 77.5% | $1,175,000 |
| North West | 23 | 43.5% | $1,830,000 |
| Northern Beaches | 51 | 82.4% | $1,925,000 |
| South | 47 | 55.3% | $1,713,750 |
| South West | 28 | 57.1% | $1,160,800 |
| Upper North Shore | 60 | 80.0% | $2,325,000 |
| West | 46 | 67.4% | $1,407,000 |
| Houses | 604 | 67.3% | $1,740,000 |
| Units | 227 | 74.2% | $1,040,000 |
| Total | 491 | 69.3% | $1,577,500 |
Source: My Housing Market
The top reported Sydney auction sale over the past week was a 4-bedroom house at 15 Warrawee Av Warrawee that sold for $8,200,000. View top selling home here 15 Warrawee Av Warrawee.
The most affordable home reported sold at auction in Sydney over the past week was a 2-bedroom unit at 7/15 Blaxcell St Granville that sold for $382,200.
Top Sydney Sales, Saturday, Nov 16th 2024:
| Address | Price | Agent |
|---|---|---|
| 15 Warrawee Av Warrawee | $8,200,000 | Ray White Upper North Shore |
| 73 Brown St Paddington | $7,475,000 | Sydney Sotheby's International |
| 109 Ocean St Woollahra | $7,450,000 | Sydney Sotheby's International |
| 23 Carrington Av Strathfield | $6,000,000 | Marshall White |
| 146 Jersey Rd Paddington | $6,000,000 | Sydney Sotheby's International |
| 7 Jersey Rd Woollahra | $5,825,000 | The Agency |
| 104 Chelmsford Av East Lindfield | $5,550,000 | DiJones - Lindfield |
| 21 Robertson Rd North Curl Curl | $5,500,000 | Cunninghams Real Estate |
| 11 Coolabah Av Turramurra | $5,070,000 | Ray White Upper North Shore |
| 48 Shackel Av Clovelly | $4,425,000 | Belle Property Bondi Junction |
Source: My Housing Market
Melbourne auction results
Melbourne auction clearance rates continue to fall reflecting the usual easing in buyer activity as the spring selling season wanes.
Melbourne recorded a clearance rate of 61.7% over the past week which was below the 63.5% recorded over the previous week and also lower than the 64.5% recorded over the weekend of the corresponding week last year.
1452 homes were reported listed over the past week which was ahead of the 1372 auctioned over the previous week and also higher than the 1350 listed over the same week last year.
Melbourne recorded a median price of $987,500 for houses sold at auction over the past week which was higher than the $913,000 reported over the previous week but 15.2% lower than the $1,125,000 recorded over the corresponding weekend last year.
Melbourne’s North reported the top regional clearance rate over the past week with 68.5% followed by the Outer East at 66.4% and the Inner South at 63.7%. The Inner City again recorded the lowest regional rate at 56.3%.
The house clearance rate for houses was 60.9% with units higher again at 64.1%.
Melbourne Regions Auction Results, Saturday, Nov 16th 2024:
| Region | Results | Clearance rate | Median |
|---|---|---|---|
| Inner East | 115 | 57.4% | $1,400,500 |
| Inner South | 193 | 63.7% | $1,135,000 |
| Inner Urban | 103 | 56.3% | $1,252,000 |
| North East | 131 | 63.4% | $846,500 |
| Northern | 108 | 68.5% | $722,500 |
| Outer East | 116 | 66.4% | $1,200,750 |
| South East | 61 | 57.4% | $805,000 |
| West | 179 | 57.0% | $808,500 |
| Houses | 839 | 60.9% | $992,500 |
| Units | 167 | 64.1% | $656,000 |
| Total | 1006 | 61.7% | $916,000 |
Source: My Housing Market
Melbourne’s top reported auction sale at the weekend was a 4-bedroom house at 91 Merton St Albert Park that sold for $4,440,000. View top selling home here 91 Merton St Albert Park.
The most affordable home reported sold at auction in Melbourne at the weekend was a 2-bedroom unit at 411/16 Clyde St Frankston that sold for $205,000.
Top Melbourne Sales, Saturday, Nov 16th 2024:
| Address | Price | Agent |
|---|---|---|
| 91 Merton St Albert Park | $4,440,000 | Marshall White Port Phillip |
| 70 Edward St Sandringham | $3,260,000 | Hodges Real Estate |
| 22 Derby St Camberwell | $3,160,000 | HEAVYSIDE - Boroondara |
| 8 Haydens Rd Beaumaris | $3,130,000 | Marshall White |
| 710 Inkerman Rd Caulfield North | $3,093,000 | Gary Peer |
| 18 Kwinana St Glen Waverley | $3,090,000 | Harcourts Judd White |
| 12 Nicholdale Rd Camberwell | $3,010,000 | Marshall White Boroondara |
| 23 Victoria St Sandringham | $2,950,000 | Belle Property Sandringham |
| 7 Pretoria St Deepdene | $2,940,000 | Fletchers Balwyn North |
| 165 Spensley St Clifton Hill | $2,912,000 | Nelson Alexander Fitzroy |
Source: My Housing Market
Brisbane auction Results
Top Brisbane Sales, Saturday, Nov 16th 2024:
| Address | Price | Agent |
|---|---|---|
| 29 Glencairn Av Indooroopilly | $3,888,888 | Place Graceville |
| 39 Victoria St Balmoral | $3,435,000 | Belle Property Bulimba |
| 37 Avanti St Mermaid Waters | $2,651,000 | Public Trustee of QLD |
| 244 Wilston Rd Grange | $2,650,000 | Ray White Wilston |
| 14 Narrabundah St Mudgeeraba | $2,550,000 | HANAN |
| 22 Killara St Currumbin Waters | $2,185,500 | Kollosche |
| 31 Tweed St Coolangatta | $2,150,000 | Place |
| 18 Graham St Windsor | $1,945,000 | Belle Property Bulimba |
| 43 Lutzow St Tarragindi | $1,910,000 | ATLAS BY LJ HOOKER BRISBANE |
| 33 Junction St Sherwood | $1,738,000 | Ray White |
Source: My Housing Market
Adelaide auction results
Top Adelaide Sales, Saturday, Nov 16th 2024
| Address | Price | Agent |
|---|---|---|
| 24 Seaview Rd Lynton | $2,575,000 | TOOP+TOOP Real Estate |
| 6 East Pky Colonel Light Gardens | $1,750,000 | Harris Real Estate - Daw Park |
| 7 Alton Av Magill | $1,626,000 | Harris Real Estate - Kent Town |
| 43 Breaker St St Morris | $1,475,000 | Alexander Real Estate |
| 231 Gilbert St Adelaide | $1,450,000 | Ray White |
| 27 Helmsdale Av Glengowrie | $1,375,000 | Ray White Glenelg |
| 59B Green St Brompton | $1,340,000 | Fox Real Estate |
| 589A Portrush Rd Glensunga | $1,322,500 | Ray White Prospect |
| 54 Ebor Av Mile End | $1,266,000 | LJ Hooker Mile End |
| 37 Arthur St Seacliff Park | $1,235,000 | Harris Real Estate - Glenelg RLA |
Source: My Housing Market
Canberra auction results
Top Canberra Sales, Saturday, Nov 16th 2024:
| Address | Price | Agent |
|---|---|---|
| 8 Smyth Pl Hughes | $1,645,000 | Ray White Canberra |
| 5 Janine Haines Tce Coombs | $1,480,000 | Luton Weston Creek |
| 3 Iora Pl Waramanga | $1,440,000 | PURNELL |
| 25 Eric Wright St Forde | $1,355,000 | MARQ Property |
| 85 Tazewell Cct Nicholls | $1,275,000 | Jonny Warren Properties |
| 22 Buntine Cr Isaacs | $1,260,000 | PURNELL |
| 49 Hinkler St Scullin | $1,250,000 | McIntyre Property |
| 11 Haswell Pl Chifley | $1,250,000 | Hayman Partners |
| 4 Piper St Ainslie | $1,250,000 | Michael Potter Real Estate |
| 24 Magrath Cr Spence | $1,060,000 | Ray White Canberra |
Source: My Housing Market
- Also read:Everything you need to know about the state of Australia’s property markets in 20 charts – November 2024
- Also read:Why Property Investors Are Essential to Australia’s Housing Market | Property Insiders
- Also read:Adelaide housing market update [video] | November 2024
- Also read:This week’s Australian Property Market Update – Latest Data, State by State November 19th 2024
- Also read:Sydney’s Rental Market Trends and Forecasts
