Key takeaways
Capital city auction markets again reported overall steady results despite the continuing surge in listings - particularly in Sydney and Melbourne, and the likely impact on confidence of the recent increase in official interest rates.
The national weekend auction market reported an average clearance rate of 70.7% over the past week which was slightly higher than the 69.0% reported over the previous week and again higher than the 62.9% reported over the same week last year.
Auction listings will continue to challenge buyer depth in markets over the coming weeks, particularly in Melbourne but recent results continue to reflect solid market confidence and buyer depth despite higher interest rates.
Capital city auction markets again reported overall steady results despite the continuing surge in listings - particularly in Sydney and Melbourne, and the likely impact on confidence of the recent increase in official interest rates.
| Capital City | This Week | Last Week | Same Week Last Year | |||
|---|---|---|---|---|---|---|
| Auctions | Rate | Auctions | Rate | Auctions | Rate | |
| Sydney | 1283 | 71.6% | 1009 | 73.9% | 1218 | 75.6% |
| Melbourne | 1257 | 67.6% | 828 | 69.5% | 1355 | 69.1% |
| Brisbane | 143 | 61.6% | 149 | 54.3% | 131 | 39.6% |
| Adelaide | 156 | 89.2% | 143 | 82.6% | 175 | 67.1% |
| Canberra | 141 | 63.6% | 96 | 64.6% | 109 | 63.0% |
Source: My Housing Market
The national weekend auction market reported an average clearance rate of 70.7% over the past week which was slightly higher than the 69.0% reported over the previous week and again higher than the 62.9% reported over the same week last year.
Auction listings will continue to challenge buyer depth in markets over the coming weeks, particularly in Melbourne, but recent results continue to reflect solid market confidence and buyer depth despite higher interest rates.
Sydney auction results
Note: Sydney auction clearance falls again.
Sydney’s auction clearance rate was again lower over the past week but result still remained in favour of sellers generally.
Sydney recorded a clearance rate of 71.6% over the past week which was lower than the 73.9% recorded over the previous week and also lower than the 75.6% reported over the same week last year.
Early year auction numbers continue to soar with 1283 homes reported listed versus the 1009 auctioned over the previous week and higher than the 1218 reported over the same week last year.
Sydney recorded a median price of $2,087,500 for houses sold at auction over the past week which was higher than the $2,015,000 recorded over the previous week and also 7.6% higher than the $1,940,000 reported over the same week last year.
The Northern Beaches recorded the highest regional clearance rate over the past week at 85.9% followed by the Inner West at 78.1% and the South and West each at 70.0%. The Central Coast again reported the lowest clearance rate at just 25.0%.
The clearance rate for houses was 73.1% with units lower this week at 68.9%.
Sydney regions weekly auction results - February 21st
| Region | Results | Clearance Rate | Median |
|---|---|---|---|
| Canterbury Bankstown | 34 | 58.8% | $1,628,500 |
| Central Coast | 4 | 25.0% | $230,000 |
| City and East | 171 | 68.4% | $1,880,000 |
| Inner West | 128 | 78.1% | $2,255,000 |
| Lower North | 63 | 69.8% | $1,162,778 |
| North West | 38 | 60.5% | $2,400,000 |
| Northern Beaches | 64 | 85.9% | $2,387,500 |
| South | 90 | 70.0% | $1,757,500 |
| South West | 27 | 48.1% | $1,375,000 |
| Upper North Shore | 87 | 67.8% | $2,367,500 |
| West | 60 | 70.0% | $1,387,500 |
| Houses | 518 | 73.1% | $2,087,500 |
| Units | 237 | 68.9% | $1,120,000 |
| Total | 755 | 71.6% | $1,800,000 |
Source: My Housing Market
Top Sydney weekly sales - February 21st
The top Sydney home reported sold over the past week was a 5-bedroom house at 12 Kara St Randwick that sold for $5,900,000.
The most affordable home reported sold at auction in Sydney over the past week was a 1-bedroom unit at 15/111 Homer St Earlwood that sold for $425,000.
| Address | Price | Agent |
|---|---|---|
| 12 Kara St Randwick | $5,900,000 | MGM MARTIN |
| 51/1 Lauderdale Av Fairlight | $5,900,000 | Stone Real Estate Manly |
| 6 Perth Av East Lindfield | $5,650,000 | DiJones - Lindfield |
| 43 Walker St Canada Bay | $5,500,000 | McGrath Strathfield |
| 51 South St Strathfield | $4,825,000 | McGrath Strathfield |
| 94 Lamrock Av Bondi Beach | $4,800,000 | Ray White Eastern Beaches |
| 4 Cameron St Strathfield | $4,650,000 | McGrath Strathfield |
| 6 Chilton Pde Warrawee | $4,500,000 | Ray White Upper North Shore |
| 50 Starling St Lilyfield | $4,500,000 | Belle Property Annandale |
Source: My Housing Market
- Also read:Are We Misreading Australia’s Property Market Right Now? | Property Insiders
- Also read:This week’s Australian Property Market Update – Latest Data, State by State February 24th 2026
- Also read:National Weekly Auction Report – February 21st 2026 | Auction Markets Steady Again Despite Listings Surge and Higher Rates
- Also read:Adelaide housing market update | February 2026
- Also read:Perth housing market update | February 2026
Melbourne auction results
Note: Melbourne clearance rate down as listings surge.
Melbourne reported a lower auction clearance rate over the past week as listings as usual flooded the mid-February market.
Melbourne recorded a clearance rate of 67.6% over the past week which was lower than the 69.5% recorded over the previous week and also lower the 69.1% reported over the same week last year.
1257 homes were reported listed for auction over the past week which was again significantly higher than the 828 auctioned over the previous week but lower than the 1355 reported over the same week last year.
Melbourne recorded a median price of $1,125,000 for houses sold at auction over the past week which was higher than the $957,500 reported over the previous week and 3.6% higher than the $1,086,000 reported over the same week last year.
Melbourne’s Inner South reported the top regional clearance rate over the past week with 78.9% followed by the Outer East at 75.7% and the North East at 73.8%. The Inner East again recorded the lowest regional rate at 52.2% this week.
The clearance rate for houses was 66.1% with units higher again this week at 75.6%.
Melbourne regions weekly auction results - February 21st
| Region | Results | Clearance Rate | Median |
|---|---|---|---|
| Inner East | 138 | 52.2% | $1,570,000 |
| Inner South | 142 | 78.9% | $1,270,500 |
| Inner Urban | 130 | 61.5% | $1,148,000 |
| North East | 140 | 73.6% | $920,000 |
| Northern | 89 | 64.0% | $895,000 |
| Outer East | 103 | 75.7% | $1,220,000 |
| South East | 41 | 61.0% | $901,000 |
| West | 149 | 67.8% | $892,500 |
| Houses | 805 | 66.1% | $1,125,000 |
| Units | 127 | 75.6% | $740,500 |
| Total | 932 | 67.6% | $1,050,000 |
Source: My Housing Market
Top Melbourne weekly sales - February 21st
Melbourne’s top reported auction sale over the week was a 5-bedroom house at 31 Kennedy St Glen Waverley that sold for $4,508,000.
The most affordable home reported sold at auction in Melbourne over the week was a 2-bedroom unit at 2/7 Dudley St Caulfield East that sold for $270,000.
| Address | Price | Agent |
|---|---|---|
| 31 Kennedy St Glen Waverley | $4,508,000 | Jellis Craig Glen Waverley |
| 1 Gough St Cremorne | $3,600,000 | Belle Property Brighton |
| 21 Warrigal Rd Mentone | $3,400,000 | Buxton Real Estate Mentone |
| 91 Raglan St South Melbourne | $3,100,000 | Marshall White |
| 159 Leicester St Fitzroy | $2,840,000 | Nelson Alexander Fitzroy |
| 45 Mccracken St Essendon | $2,825,000 | McDonald Upton |
| 10 Selwyn St Canterbury | $2,803,000 | Shelter Real Estate |
| 2 Green St Ivanhoe | $2,780,000 | Miles Real Estate Ivanhoe |
| 16 Brown Av Ascot Vale | $2,610,000 | Nelson Alexander Ascot Vale |
| 11 Woolhouse St Northcote | $2,600,000 | Nelson Alexander Northcote |
Source: My Housing Market
Brisbane auction results
Top Brisbane weekly sales - February 21st
| Address | Price | Agent |
|---|---|---|
| 24 Baldwin St Ascot | $3,783,000 | Ray White (Ascot) |
| 87 Galsworthy St Holland Park West | $3,200,000 | Harcourts Prestige |
| 29 Thynne Av Norman Park | $2,780,000 | Harcourts Prestige |
| 25 Evans St Nundah | $2,515,000 | Place Estate Agents Ascot |
| 56 Plumer St Sherwood | $1,955,000 | Ray White Sherwood |
| 3 Ensign St Carindale | $1,900,000 | Torres Property |
| 9 Polaris Pl Bridgeman Downs | $1,830,000 | Place |
| 55 Cascade Dr Underwood | $1,812,000 | Ray White Rochedale |
| 7 Rous St Hendra | $1,710,000 | Ray White (Ascot) |
| 104 Norman Av Norman Park | $1,686,000 | Ray White |
Source: My Housing Market
Canberra auction results
Top Canberra weekly sales - February 21st
| Address | Price | Agent |
|---|---|---|
| 45 Bambridge St Weetangera | $2,625,000 | Bastion Property Group |
| 20 Carstensz St Griffith | $2,440,000 | Blackshaw Manuka |
| 89 Buxton St Deakin | $2,330,000 | Blackshaw Manuka |
| 30 Vogelsang Pl Flynn | $2,065,000 | Irwin Property |
| 33 Collier St Curtin | $1,680,000 | home.byholly |
| 65 Gouger St Torrens | $1,530,000 | Independent Property Group |
| 18 Campaspe Cct Kaleen | $1,412,000 | LJ Hooker Belconnen |
| 11 Hibberd Cr Forde | $1,347,000 | Stone Gungahlin |
| 6 Delany Ct Melba | $1,270,000 | Luton Properties - Dickson |
| 6 Cade Pl Melba | $1,240,000 | home.byholly |
Source: My Housing Market
Adelaide auction results
Top Adelaide weekly sales - February 21st
| Address | Price | Agent |
|---|---|---|
| 114 Angas Rd Westbourne Park | $2,700,000 | OC |
| 42 Cheltenham St Highgate | $2,600,000 | OC |
| 36 Jarvis St Erindale | $2,345,000 | Ray White Burnside |
| 7 Garwood St Hawthorn | $2,302,000 | OC |
| 119 Princes Rd Mitcham | $1,863,000 | Ray White |
| 4 Lasscock Av Lockleys | $1,778,000 | LJ Hooker Flinders Park |
| 10 Park Tce North Plympton | $1,768,000 | Gary J Smith Real Estate |
| 51 Hay Rd Linden Park | $1,750,000 | Harris Real Estate - Kent Town |
| 14 Flinders Av Colonel Light Gardens | $1,730,000 | Harris Real Estate - Daw Park |
| 1 Lossie St Kensington Park | $1,700,000 | Ray White Burnside |
Source: My Housing Market
