Key takeaways
Capital city auction numbers were sharply lower over the past week with clearance rates generally steady although remaining at near lowest levels for the year.
The national weekend auction market reported an average clearance rate of 54.7% over the past week which was slightly higher than the 52.5% reported over the previous week but again well below the 60.9% reported over the same week last year.
Auction markets are likely to come under continuing pressure following the extraordinary property tax changes announced in the Federal Budget together with the impact on affordability of the three consecutive monthly rises in RBA interest rates.
Capital city auction numbers were sharply lower over the past week with clearance rates generally steady although remaining at near lowest levels for the year.
Weekly Auction Results to Saturday, May 16th 2026
| Capital City | This Week | Last Week | Same Week Last Year | |||
|---|---|---|---|---|---|---|
| Auctions | Rate | Auctions | Rate | Auctions | Rate | |
| Sydney | 807 | 61.4% | 1030 | 63.1% | 667 | 73.6% |
| Melbourne | 890 | 62.1% | 1051 | 58.7% | 849 | 74.1% |
| Brisbane | 163 | 34.5% | 160 | 31.9% | 124 | 46.7% |
| Adelaide | 157 | 61.7% | 133 | 54.3% | 146 | 57.5% |
| Canberra | 87 | 54.0% | 127 | 54.5% | 73 | 52.8% |
Source: My Housing Market
The national weekend auction market reported an average clearance rate of 54.7% over the past week which was slightly higher than the 52.5% reported over the previous week but again well below the 60.9% reported over the same week last year.
Auction markets are likely to come under continuing pressure following the extraordinary property tax changes announced in the Federal Budget together with the impact on affordability of the three consecutive monthly rises in RBA interest rates.
Sydney auction results
Note: Sydney auction clearance rate falls again.
Sydney’s auction clearance rate was lower again over the past week with another sharp decline in listings.
Sydney recorded a year-to-date low clearance rate of 61.4% over the past week which lower than the 63.1% recorded over the previous week and again well below the 73.6% reported over the same week last year.
Auction numbers were significantly lower with 807 homes reported listed versus the 1030 auctioned over the previous week but again well above the 667 reported over the same week last year.
Sydney recorded a median price of $2,020,000 for houses sold at auction over the past week which was higher than the $1,881,000 recorded over the previous week and 5.3% higher than the $1,917,500 reported over the same week last year.
The Northern Beaches recorded the highest regional clearance rate over the past week at 65.4% followed by the City and East at 62.2% and the Lower North at 59.0%. The South West Coast reported the lowest clearance rate at just 23.1%.
The clearance rate for houses was 63.0% with units lower this week at 60.0%.
Sydney regions weekly auction results - May 16th 2026
| Region | Results | Clearance Rate | Median |
|---|---|---|---|
| Canterbury Bankstown | 29 | 55.2% | $1,535,000 |
| Central Coast | 8 | 50.0% | $1,004,000 |
| City and East | 89 | 62.9% | $1,635,000 |
| Inner West | 47 | 55.3% | $2,195,000 |
| Lower North | 39 | 59.0% | $1,457,500 |
| North West | 24 | 50.0% | $2,301,888 |
| Northern Beaches | 26 | 65.4% | $2,111,000 |
| South | 34 | 52.9% | $1,565,000 |
| South West | 13 | 23.1% | $1,310,000 |
| Upper North Shore | 73 | 52.1% | $2,490,000 |
| West | 32 | 53.1% | $1,283,500 |
| Houses | 279 | 63.0% | $2,020,000 |
| Units | 129 | 60.0% | $1,070,000 |
| Total | 408 | 61.4% | $1,650,000 |
Source: My Housing Market
Top Sydney weekly sales - May 16th 2026
The top Sydney home reported sold over the past week was a 7-bedroom house at 47 Newton Rd Strathfield that sold for $12,050,000.
The most affordable home reported sold at auction in Sydney over the past week was a 1-bedroom unit at 7/212 Bay St Rockdale that sold for $520,000.
| Address | Price | Agent |
|---|---|---|
| 47 Newton Rd Strathfield | $12,050,000 | McGrath Strathfield |
| 61 Clyde St North Bondi | $9,388,500 | PPD Real Estate |
| 14a Browns Rd Gordon | $6,080,000 | DiJones - Lindfield |
| 229 Tryon Rd East Lindfield | $4,250,000 | DiJones - Lindfield |
| 21 Alexandra St Drummoyne | $4,080,000 | The Agency Inner West |
| 59A Ballast Point Rd Birchgrove | $3,800,000 | Belle Property Balmain |
| 920 Elizabeth St Zetland | $3,756,000 | Belle Property Surry Hills |
| 102 Eastwood Av Epping | $3,210,888 | Uniland Real Estate | Epping |
| 11 Cherrywood Av Wahroonga | $3,210,000 | Pello - Upper North Shore |
| 8 Napier Cr North Ryde | $3,000,000 | VUE Property Estate Agents |
Source: My Housing Market
Melbourne auction results
Note: Melbourne clearance rate up a little - but listings lower.
Melbourne again reported a higher auction clearance rate from lower listings over the past week following the significant changes in property taxes announced in the Federal Budget.
Melbourne recorded a clearance rate of 62.1% over the past week which was higher than the 58.7% recorded over the previous week but again well below the 74.1% reported over the same week last year.
890 homes were reported listed for auction over the past week which was lower than the 1051 auctioned over the previous week but again above the 849 reported over the same week last year.
Melbourne recorded a median price of $1,086,000 for houses sold at auction over the past week which was higher than the $1,005,000 reported over the previous week and 8.9% higher than the $997,550 reported over the same week last year.
Melbourne’s North East reported the top regional clearance rate over the past week with 71.4% followed by the South East at 66.7% and the West at 64.9%. The Inner City recorded the lowest regional rate this week at 48.1%.
The clearance rate for houses was 61.1% with units higher again this week at 61.5%.
Melbourne regions weekly auction results - May 16th 2026
| Region | Results | Clearance Rate | Median |
|---|---|---|---|
| Inner East | 97 | 59.8% | $1,706,000 |
| Inner South | 92 | 63.0% | $1,145,050 |
| Inner Urban | 52 | 48.1% | $729,250 |
| North East | 77 | 71.4% | $802,000 |
| Northern | 50 | 50.0% | $790,000 |
| Outer East | 57 | 59.6% | $1,100,500 |
| South East | 24 | 66.7% | $1,124,440 |
| West | 97 | 64.9% | $900,000 |
| Houses | 455 | 61.1% | $1,086,000 |
| Units | 91 | 61.5% | $680,000 |
| Total | 546 | 62.1% | $970,000 |
Source: My Housing Market
Top Melbourne weekly sales - May 16th 2026
Melbourne’s top reported auction sale over the week was a 4-bedroom house at 5 Beverley Gr Mount Waverley that sold for $3,488,000.
The most affordable home reported sold at auction in Melbourne over the week was a 2-bedroom unit at 37/44 Eucalyptus Dr Maidstone that sold for $270,000.
| Address | Price | Agent |
|---|---|---|
| 5 Beverley Gr Mount Waverley | $3,488,000 | Jellis Craig Mount Waverley |
| 6 Bonfield Av Hawthorn East | $3,278,888 | Marshall White Boroondara |
| 1-2/18 Pine St Brighton | $3,163,000 | Marshall White Bayside |
| 10 Callanish Rd Camberwell | $2,860,000 | Marshall White |
| 10A Glenwood Av Beaumaris | $2,645,000 | Marshall White Bayside |
| 41 Morton Rd Burwood | $2,610,000 | Shelter Real Estate |
| 3 Libere Ct Doncaster | $2,600,000 | VICPROP Manningham |
| 28 Newry St Fitzroy North | $2,526,000 | Jellis Craig Fitzroy |
| 4 Salem Av Oakleigh South | $2,425,000 | McGrath Clayton |
| 25 George St Bentleigh East | $2,395,000 | Jellis Craig Bentleigh |
Source: My Housing Market
Brisbane auction results
Top Brisbane weekly sales - May 16th 2026
| Address | Price | Agent |
|---|---|---|
| 97 Lanham Av Grange | $3,400,000 | Ray White Ascot |
| 15-19 Marshall La Wellington Point | $3,151,000 | Public Trustee of QLD |
| 66 Swinburne St Lutwyche | $1,880,000 | Garry Jones Homes |
| 8 Indus St Camp Hill | $1,850,000 | Place Estate Agents Camp Hill |
| 21 Euree St Kenmore | $1,755,000 | Ray White Toowong |
| 27 Kelvin St Wavell Heights | $1,700,000 | Belle Property Ascot |
| 111 Foxglove St Caboolture | $1,550,000 | Place |
| 26 Halsmere St Geebung | $1,485,000 | Ray White Wilston |
| 386 Mount Cotton Rd Capalaba | $1,450,000 | LJ Hooker Property Centre |
| 19 Wurinya St The Gap | $1,200,000 | Ray White |
Source: My Housing Market
Canberra auction results
Top Canberra weekly sales - May 16th 2026
| Address | Price | Agent |
|---|---|---|
| 51 Coaldrake Av Denman Prospect | $1,560,000 | Blackshaw Woden |
| 16 Pieman Cr Kaleen | $1,400,000 | Ray White Canberra |
| 31 Tanderra Cr Ngunnawal | $1,300,000 | Blackshaw Gungahlin |
| 8 Griffin Pl Monash | $1,220,000 | The Property Collective |
| 18 Nellie Hamilton Av Gungahlin | $1,090,000 | Carter and Co Agents |
| 15 Rollins Pl Gordon | $1,040,000 | Momentum Property |
| 7 Blake Pl Mawson | $1,030,000 | Confidence Real Estate |
| 6 Charlotte Barton St Franklin | $980,000 | MARQ Property |
| 72 Rob Riley Cct Bonner | $957,500 | Luton Properties - Dickson |
| 16 Onkaparinga Cr Kaleen | $950,000 | Ray White Canberra |
Source: My Housing Market
Adelaide auction results
Top Adelaide weekly sales - May 16th 2026
| Address | Price | Agent |
|---|---|---|
| 22 Union St Semaphore | $1,965,000 | Williams Real Estate |
| 263 Esplanade Seaford | $1,800,500 | Williams Real Estate |
| 1 Honolulu Gr West Lakes | $1,785,000 | Ray White Port Adelaide |
| 115 Queen St Norwood | $1,610,000 | Ray White Kensington |
| 28 Annesley Cl Salisbury Heights | $1,495,000 | Ray White |
| 43 Dinwoodie Av Clarence Gardens | $1,475,000 | NOAKES NICKOLAS PTY LTD |
| 22 Battams Rd Marden | $1,310,000 | Ray White Adelaide City |
| 22 Nelson Av Flinders Park | $1,300,000 | Harris Real Estate - Glenelg |
| 11 Brett Cr Hallett Cove | $1,260,000 | Ray White Burnside |
| 25 Water St Semaphore | $1,250,000 | Ray White (Semaphore) |
Source: My Housing Market
- Also read:The Budget Just Changed the Rules for Property Investors. Here’s What It Really Means | Property Insiders
- Also read:Melbourne housing market update [video] | May 2026
- Also read:Australian housing market update | May 2026
- Also read:Latest Property Price Forecasts. Australian Property Market Outlook 2026: Where To Now After The Rate Rise & Budget Changes.
- Also read:National Weekly Auction Report – May 16th 2026 | Auction Numbers Fall and Clearance Rates Steady but Low Following Budget
