Key takeaways
Capital city auction numbers bounced back and clearance rates were steady overall in a mixed response so far to the property tax changes announced in the recent Federal Budget.
The national weekend auction market reported an average clearance rate of 52,2% over the past week which was lower than the 54.7% reported over the previous week – due to a very low result from Brisbane - and again well below the 63.5% reported over the same week last year.
Although auction markets are likely to continue to come under pressure following the property tax changes announced in the Federal Budget, together with the impact on affordability of the three consecutive monthly rises in RBA interest rates, results so far have been relatively steady.
Capital city auction numbers bounced back, and clearance rates were steady overall in a mixed response so far to the property tax changes announced in the recent Federal Budget.
Weekly Auction Results to Saturday, May 23rd 2026
| Capital City | This Week | Last Week | Same Week Last Year | |||
|---|---|---|---|---|---|---|
| Auctions | Rate | Auctions | Rate | Auctions | Rate | |
| Sydney | 1038 | 64.2% | 807 | 61.4% | 754 | 74.7% |
| Melbourne | 1032 | 61.7% | 890 | 62.1% | 1184 | 72.1% |
| Brisbane | 189 | 20.1% | 163 | 34.5% | 179 | 43.3% |
| Adelaide | 154 | 65.4% | 157 | 61.7% | 155 | 64.6% |
| Canberra | 144 | 49.7% | 87 | 54.0% | 113 | 62.9% |
Source: My Housing Market
The national weekend auction market reported an average clearance rate of 52,2% over the past week which was lower than the 54.7% reported over the previous week – due to a very low result from Brisbane - and again well below the 63.5% reported over the same week last year.
Although auction markets are likely to continue to come under pressure following the property tax changes announced in the Federal Budget, together with the impact on affordability of the three consecutive monthly rises in RBA interest rates, results so far have been relatively steady.
Sydney auction results
Note: Sydney auction clearance rates rise.
Sydney’s auction clearance rate bounced back from last week’s year-to-date low with a sharp increase in listings.
Sydney recorded a clearance rate of 64.2% over the past week which higher than the 61.4% recorded over the previous week but again well below the 74.7% reported over the same week last year.
Auction numbers were significantly higher with 1038 homes reported listed versus the 807 auctioned over the previous week and again well above the 754 reported over the same week last year.
Sydney recorded a median price of $1,810,000 for houses sold at auction over the past week which was lower than the $2,020,000 recorded over the previous week and 5.7% lower than the $1,920,000 reported over the same week last year.
The Northern Beaches again recorded the highest regional clearance rate over the past week at 80.0% followed by the Lower North at 68.8% and the South at 68.5%. The Central Coast reported the lowest clearance rate at 0.0% from very low listings.
The clearance rate for houses was 60.4% with units higher this week at 72.0%.
Sydney regions weekly auction results - May 23rd 2026
| Region | Results | Clearance Rate | Median |
|---|---|---|---|
| Canterbury Bankstown | 33 | 60.6% | $1,270,000 |
| Central Coast | 2 | 0.0% | NA |
| City and East | 90 | 57.8% | $1,900,000 |
| Inner West | 81 | 61.7% | $1,225,000 |
| Lower North | 48 | 68.8% | $970,000 |
| North West | 18 | 55.6% | $2,490,500 |
| Northern Beaches | 26 | 80.8% | $1,742,500 |
| South | 54 | 68.5% | $1,650,000 |
| South West | 19 | 36.8% | $1,282,500 |
| Upper North Shore | 68 | 50.0% | $1,772,335 |
| West | 49 | 42.9% | $1,310,000 |
| Houses | 324 | 60.4% | $1,810,000 |
| Units | 162 | 72.0% | $970,000 |
| Total | 486 | 64.2% | $1,380,000 |
Source: My Housing Market
Top Sydney weekly sales - May 23rd 2026
The top Sydney home reported sold over the past week was a 5-bedroom house at 17 Jocelyn St North Curl Curl that sold for $5,625,000.
The most affordable home reported sold at auction in Sydney over the past week was a 2-bedroom unit at 401/15 King St Campbelltown that sold for $584,000.
| Address | Price | Agent |
|---|---|---|
| 17 Jocelyn St North Curl Curl | $5,625,000 | |
| 14 Anglesea St Bondi | $5,416,000 | |
| 3 Regent St Paddington | $4,520,000 | |
| 712/54 West Esp Manly | $3,700,000 | |
| 12 Norfolk St Paddington | $3,550,000 | |
| 19 Fairlawn Av Turramurra | $3,460,000 | |
| 13 Hillpine Av Kogarah | $3,230,000 | |
| 15K/15-19 Onslow Av Elizabeth Bay | $3,200,000 | |
| 10 Henry St Balmain | $3,200,000 | |
| 96 Rosser St Balmain | $3,150,000 |
Source: My Housing Market
Melbourne auction results
Note: Melbourne clearance rate down a little - but listings surge.
Melbourne reported a slightly lower auction clearance rate from a significant increase in listings over the past week.
Melbourne recorded a clearance rate of 61.7% over the past week which was lower than the 62.1% recorded over the previous week but again well below the 72.1% reported over the same week last year.
1032 homes were reported listed for auction over the past week which was well above the 890 auctioned over the previous week but again lower the 1184 reported over the same week last year.
Melbourne recorded a median price of $1,040,000 for houses sold at auction over the past week which was lower than the $1,086,000 reported over the previous week and 4.1% lower than the $1,085,000 reported over the same week last year.
Melbourne’s North reported the top regional clearance rate over the past week with 73.1% followed by the Outer East at 63.8% and the West at 63.7%. The South East recorded the lowest regional rate this week at 50.0%.
The clearance rate for houses was 58.9% with units higher again this week at 70.2%.
Melbourne regions weekly auction results - May 23rd 2026
| Region | Results | Clearance Rate | Median |
|---|---|---|---|
| Inner East | 100 | 57.0% | $1,372,000 |
| Inner South | 76 | 53.9% | $1,277,500 |
| Inner Urban | 74 | 60.8% | $925,000 |
| North East | 106 | 57.5% | $875,500 |
| Northern | 78 | 73.1% | $900,000 |
| Outer East | 69 | 63.8% | $1,206,000 |
| South East | 34 | 50.0% | $855,000 |
| West | 124 | 63.7% | $855,000 |
| Houses | 557 | 58.9% | $1,040,000 |
| Units | 104 | 70.2% | $690,500 |
| Total | 661 | 61.7% | $910,000 |
Source: My Housing Market
Top Melbourne weekly sales - May 23rd 2026
Melbourne’s top reported auction sale over the week was a 3-bedroom house at 76 Park Rd Middle Park that sold for $4,350,000.
The most affordable home reported sold at auction in Melbourne over the week was a 1-bedroom unit at 1/50 Tranmere Av Carnegie that sold for $280,000.
| Address | Price | Agent |
|---|---|---|
| 76 Park Rd Middle Park | $4,350,000 | Marshall White Port Phillip |
| 549 Balcombe Rd Black Rock | $3,750,000 | Buxton Real Estate Mentone |
| 22 Miller Gr Kew | $3,180,000 | Marshall White Boroondara |
| 37 Moorhouse St Camberwell | $3,108,000 | Marshall White |
| 9 Garden St Essendon | $3,100,000 | Jellis Craig Moonee Valley |
| 35 Walbundry Av Balwyn North | $2,820,000 | Marshall White Boroondara |
| 70 Essex Rd Mount Waverley | $2,688,888 | Jellis Craig Mount Waverley |
| 16 Berry St Coburg | $2,458,000 | McDonald Upton |
| 25 Rose Av Surrey Hills | $2,315,000 | Jellis Craig & Company |
| 235 Serpells Rd Templestowe | $2,211,000 | Barry Plant Manningham |
Source: My Housing Market
Brisbane auction results
Top Brisbane weekly sales - May 23rd 2026
| Address | Price | Agent |
|---|---|---|
| 15 Magee St Graceville | $2,000,000 | Ray White Sherwood |
| 29 Albert St Holland Park West | $1,880,000 | Place Woolloongabba |
| 25 Brisbane St Bulimba | $1,830,000 | Place Estate Agents - Bulimba |
| 26 Culgoola St Kedron | $1,720,000 | Place Estate Agents Ascot |
| 29 Deagon St Sandgate | $1,500,000 | Sandgate Real Estate |
| 3/107 Boyd Rd Nundah | $1,365,000 | Ray White Nundah |
| 499 Broadwater Rd Mansfield | $1,355,000 | Place |
| 15 Osanna St Daisy Hill | $1,310,000 | Ray White Sherwood |
| 53 Appleby Rd Stafford | $1,060,000 | Ray White Sherwood |
| 17/47 Norman Av Lutwyche | $890,000 | Ray White |
Source: My Housing Market
Canberra auction results
Top Canberra weekly sales - May 23rd 2026
| Address | Price | Agent |
|---|---|---|
| 57 Euree St Reid | $2,510,000 | Momentum Property |
| 70 Endeavour St Red Hill | $2,120,000 | Luton Properties - Dickson |
| 5 Tubb Pl Pearce | $1,745,000 | Hive Property |
| 9 Banner St O'connor | $1,401,000 | Ray White Canberra |
| 6 Gluyas St Farrer | $1,320,000 | The Property Collective |
| 4 Gurnai Pl Aranda | $1,250,000 | Ray White Canberra |
| 6 Hohnen St Bruce | $1,230,000 | Blackshaw Belconnen |
| 18 Lindsay Pryor St Wright | $1,150,000 | home.byholly |
| 6 Kinloch Cct Bruce | $1,100,000 | Stone Gungahlin |
| 41 Gordon Withnall Cr Dunlop | $1,041,000 | Ray White Canberra |
Source: My Housing Market
Adelaide auction results
Top Adelaide weekly sales - May 23rd 2026
| Address | Price | Agent |
|---|---|---|
| 13 Capri Cl West Lakes | $2,100,000 | Crawford Doran |
| 18A Church St Highgate | $1,910,000 | OC |
| 37 Elizabeth St Prospect | $1,580,000 | Ray White Prospect |
| 11 Donovan St Greenwith | $1,260,000 | LJ Hooker Property Specialists |
| 22 Railway Tce Mile End | $1,250,000 | Ray White |
| 12B Moules Rd Magill | $1,190,000 | NOAKES NICKOLAS PTY LTD |
| 10 Royal Palm Dr Parafield Gardens | $1,187,000 | Ray White Norwood |
| 3 Artarki Av Kidman Park | $1,178,500 | Ray White (Semaphore) |
| 16 Fairfax Tce Torrensville | $1,100,000 | Harris Real Estate - Kent Town |
| 46 Wheaton St South Plympton | $1,075,000 | Harcourts Sheppard |
Source: My Housing Market
