Key takeaways
The 2024 auction season has principally concluded with solid results overall although clearance rates in some capitals were predictably lower as the holiday season rapidly approaches.
The national weekend auction market reported a clearance rate of 54.1% over the past week, which was lower than the 60.1% reported over the previous week – and also below the 58.7% recorded over the corresponding weekend last year.
Melbourne recorded a clearance rate of 63.7% over the past week .
Sydney recorded a clearance rate of 61.7% over the week, which was lower than the 62.4% recorded over the previous week and well below the 66.2 % rate recorded over the corresponding weekend last year.
Clearance rates have continued to reflect generally solid results for most sellers over the spring selling season although activity has predictably waned as the season concluded.
The 2024 auction season has principally concluded with solid results overall although clearance rates in some capitals were predictably lower as the holiday season rapidly approaches.
This weekend's auction results around Australia:
| Capital City | This Week | Last Week | Saturday Last Year | |||
|---|---|---|---|---|---|---|
| Auctions | Rate | Auctions | Rate | Auctions | Rate | |
| Sydney | 979 | 61.7% | 1169 | 62.4% | 925 | 66.2% |
| Melbourne | 1190 | 63.7% | 1328 | 64.0% | 1152 | 64.7% |
| Brisbane | 157 | 33.7% | 192 | 48.6% | 206 | 35.5% |
| Adelaide | 189 | 61.6% | 201 | 65.0% | 214 | 69.0% |
| Canberra | 90 | 49.8% | 100 | 60.4% | 88 | 58.1% |
The national weekend auction market reported a clearance rate of 54.1% over the past week which was lower than the 60.1% reported over the previous week – and also below the 58.7% recorded over the corresponding weekend last year.
Source: My Housing Market
Clearance rates have continued to reflect generally solid results for most sellers over the spring selling season although activity has predictably waned as the season concluded.
Sydney auction results
The Sydney auction market reported another lower clearance rate over the final week of the 2024 auction season.
Sydney recorded a clearance rate of 61.7% over the week which was lower than the 62.4% recorded over the previous week and well below the 66.2 % rate recorded over the corresponding weekend last year.
Auction numbers were also predictably lower over the past week with 979 listed versus the 1169 recorded over the previous week but higher than the 925 reported over the same week last year.
Sydney recorded a median price of $1,422,500 for houses sold at auction over the past week which was lower than the previous week’s $1,687,500 but 5.4% higher than the $1,350,000 recorded over the weekend of the same week last year.
The West recorded the highest regional clearance rate over the past week at 70.6% followed by the Northern Beaches at West at 68.6% and the Lower North 68.4%. The Central Coast reported the lowest clearance rate at 22.7%.
The clearance rate for houses was 62.7% with units lower again this week at 60.5%.
Sydney Regions Auction Results, Saturday, Dec 7th 2024:
| Region | Results | Clearance rate | Median |
|---|---|---|---|
| Canterbury Bankstown | 25 | 68.0% | $1,275,000 |
| Central Coast | 22 | 22.7% | $670,000 |
| City and East | 49 | 57.1% | $1,295,000 |
| Inner West | 44 | 47.7% | $1,545,000 |
| Lower North | 19 | 68.4% | $1,350,000 |
| North West | 20 | 55.0% | $2,005,000 |
| Northern Beaches | 35 | 68.6% | $1,750,000 |
| South | 42 | 52.4% | $1,415,000 |
| South West | 25 | 64.0% | $1,149,000 |
| Upper North Shore | 53 | 45.3% | $2,970,000 |
| West | 51 | 70.6% | $1,135,000 |
| Houses | 573 | 62.7% | $1,422,500 |
| Units | 179 | 60.5% | $890,000 |
| Total | 386 | 61.7% | $1,300,000 |
Source: My Housing Market
The top reported Sydney auction sale over the past week was a 6-bedroom house at 23 South St Strathfield that sold for $16,880,000. View top selling home here 23 South St Strathfield.
The most affordable home reported sold at auction in Sydney over the past week was a 2-bedroom unit at 29/17-23 Addlestone Rd Merrylands that sold for $490,500.
Top Sydney Sales, Saturday, Dec 14th 2024:
| Address | Price | Agent |
|---|---|---|
| 23 South St Strathfield | $16,880,000 | McGrath Strathfield |
| 23 Birnam Gr Strathfield | $7,050,000 | McGrath Strathfield |
| 25 Warrangi St Turramurra | $6,550,000 | McGrath Lindfield |
| 48 Rickard Rd Strathfield | $5,550,000 | McGrath Strathfield |
| 56 Bareena St Strathfield | $5,310,000 | McGrath Strathfield |
| 60 Frances Rd Putney | $3,895,000 | McGrath Ryde |
| 30 Pleasant Av East Lindfield | $3,890,000 | DiJones - Lindfield |
| 5 Fairlight Av East Killara | $3,880,000 | Asset Realty |
| 5 Lomax St Epping | $3,378,000 | Ray White Epping SYD |
| 10 Sheehan St Eastwood | $3,361,000 | Uniland Real Estate | Epping |
Source: My Housing Market
Melbourne auction results
Melbourne auction clearance rates were steady over again the past week compared to the previous weeks results with listings predictably lower as the season concludes.
Melbourne recorded a clearance rate of 63.7% over the past week which was similar to the 64.0% recorded over the previous week but lower than the 64.7% recorded over the weekend of the corresponding week last year.
1190 homes were reported listed over the past week which was well below the 1328 auctioned over the previous week but higher than 1152 listed over the same week last year.
Melbourne recorded a median price of $945,000 for houses sold at auction over the past week which was lower than the $956,500 reported over the previous week and 0.6% lower than the $951,000 recorded over the corresponding weekend last year.
Melbourne’s Inner City reported the top regional clearance rate over the past week with 72.5% followed by the North East at 70.1% and the North at 69.8 %. The Inner East recorded the lowest regional rate at 54.8%.
The house clearance rate for houses was 60.8% with units higher this week at 69.5%.
Melbourne Regions Auction Results, Saturday, Dec 14th 2024:
| Region | Results | Clearance rate | Median |
|---|---|---|---|
| Inner East | 93 | 54.8% | $1,201,000 |
| Inner South | 104 | 61.5% | $1,176,000 |
| Inner Urban | 69 | 72.5% | $846,000 |
| North East | 127 | 70.1% | $800,000 |
| Northern | 86 | 69.8% | $806,500 |
| Outer East | 95 | 60.0% | $1,166,000 |
| South East | 52 | 59.6% | $845,000 |
| West | 203 | 56.7% | $805,000 |
| Houses | 678 | 60.8% | $950,000 |
| Units | 151 | 69.5% | $610,000 |
| Total | 829 | 63.7% | $885,001 |
Source: My Housing Market
Melbourne’s top reported auction sale at the weekend was a 4-bedroom house at 35 Kitchener St Deepdene that sold for $2,780,000. View top selling home here: 35 Kitchener St Deepdene.
The most affordable home reported sold at auction in Melbourne at the weekend was a 1-bedroom unit at 1309/568 Collins St Melbourne that sold for $290,000.
Top Melbourne Sales, Saturday, Dec 14th 2024:
| Address | Price | Agent |
|---|---|---|
| 35 Kitchener St Deepdene | $2,780,000 | Marshall White Boroondara |
| 18 Little Valley Rd Templestowe | $2,735,888 | Barry Plant Manningham |
| 29 Tongue St Yarraville | $2,620,000 | Jas Stephens Real Estate |
| 116 Clauscen St Fitzroy North | $2,520,000 | Marshall White |
| 142-218 Townsings Rd Diggers Rest | $2,520,000 | Raine & Horne Sunbury |
| 39 Higgins Cl Dingley Village | $2,400,000 | Barry Plant Bayside |
| 5 Merther Rd Ivanhoe | $2,275,000 | Nelson Alexander Ivanhoe |
| 2 Mandowie Rd Glen Waverley | $2,188,000 | Jellis Craig Monash |
| 2 The Corso Parkdale | $2,135,000 | Buxton Real Estate Mentone |
| 1 Oakdene Ct Mount Waverley | $2,110,000 | Ray White Mount Waverley |
Source: My Housing Market
Brisbane auction Results
Top Brisbane Sales, Saturday, Dec 14th 2024:
| Address | Price | Agent |
|---|---|---|
| 1/760 Pacific Pde Currumbin | $3,350,000 | Kollosche |
| 36 Beeston St Teneriffe | $3,030,000 | Ray White Ascot |
| 602/50 Picnic Point Esp Maroochydore | $3,020,000 | Town |
| 140 Kingsley Tce Manly | $2,700,000 | McGrath Estate Agents |
| 3/93 Esplanade Golden Beach | $2,250,000 | Yianni Mooney Property |
| 185 Indooroopilly Rd Taringa | $1,860,000 | NGU Real Estate Head Office |
| 4 Nosworthy Cl Chermside West | $1,724,000 | Place |
| 701/31 Maltman St Kings Beach | $1,660,000 | Professionals On The Coast |
| 44 Macaulay St Coorparoo | $1,450,000 | Ray White New Farm |
| 25/70 Hope St South Brisbane | $1,400,000 | Ray White |
Source: My Housing Market
Adelaide auction results
Top Adelaide Sales, Saturday, Dec 14th 2024
| Address | Price | Agent |
|---|---|---|
| 14 Myall Av Kensington Gardens | $3,120,000 | Williams Real Estate |
| 44 Sussex Tce Westbourne Park | $1,750,000 | Ouwens Casserly |
| 24 Hallett Rd Wattle Park | $1,650,000 | Alexander Real Estate |
| 15 Weller St Goodwood | $1,425,000 | Ray White Unley |
| 6 Noble Av Lockleys | $1,400,000 | Ray White |
| 18 Krause Dr Gawler Belt | $1,300,000 | Ray White Gawler East |
| 12 Bennett St Maylands | $1,255,000 | Harris Real Estate - Glenelg |
| 610 Templers Rd Templers | $1,245,000 | Ray White Gawler East |
| 33 Whaddon Rd Brooklyn Park | $1,200,000 | Ray White Grange |
| 20 Irene Av Fulham Gardens | $1,152,500 | Ray White Port Adelaide |
Source: My Housing Market
Canberra auction results
Top Canberra Sales, Saturday, Dec 14th 2024:
| Address | Price | Agent |
|---|---|---|
| 30 Mayne St Chifley | $1,160,000 | Blackshaw Manuka |
| 45 Harbison Cr Wanniassa | $1,090,000 | Belle Property Canberra |
| 28 Chillagoe St Fisher | $1,010,000 | Blackshaw Queanbeyan |
| 74 Kambalda Cr Fisher | $990,000 | Luton Weston Creek, Woden |
| 45 Holden Cr Wanniassa | $900,000 | Hayman Partners |
| 2 Wirraway Cr Scullin | $900,000 | Blackshaw Gungahlin |
| 56 Bastow Cct Banks | $870,000 | Luton Properties Tuggeranong |
| 138 Burrinjuck Cr Duffy | $857,500 | Luton Weston Creek, Woden |
| 61 Gallagher St Kambah | $850,000 | Luton Properties - Manuka |
| 20 Longworth Pl Holt | $840,000 | Ray White Canberra |
Source: My Housing Market
- Also read:Adelaide housing market update [video] | December 2024
- Also read:Perth housing market update [video] | December 2024
- Also read:Brisbane housing market update [video] | December 2024
- Also read:Interest Rate Mystery: Just look what happened last week! | Property Insiders
- Also read:Sydney housing market update [video] | December 2024
