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National Weekly Auction Report – May 2nd 2026 | Clearance Rates Fall as Auctions Surge Following End of Holiday Distractions - featured image
Andrew Wilson
By Dr. Andrew Wilson
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National Weekly Auction Report – May 2nd 2026 | Clearance Rates Fall as Auctions Surge Following End of Holiday Distractions

key takeaways

Key takeaways

Capital city auction clearance rates were generally lower over the past week with listing numbers surging following the end to the holiday distractions of the past month.

The national weekend auction market reported an average clearance rate of 57.3% over the past week which was lower than the 60.3% reported over the previous week and also lower than the 62.7% reported over the same week last year.

Auction numbers will continue to rise over coming weeks with housing market focus turning to this coming weeks RBA interest rate meeting.

Capital city auction clearance rates were generally lower over the past week with listing numbers surging following the end to the holiday distractions of the past month.

Weekly Auction Results to Saturday, May 2nd 2026

Capital City This Week Last Week Same Week Last Year
Auctions Rate Auctions Rate Auctions Rate
Sydney 1069 66.3% 393 62.3% 552 72.7%
Melbourne 1250 61.4% 246 63.4% 775 74.8%
Brisbane 212 35.9% 64 38.8% 95 45.4%
Adelaide 190 63.1% 126 71.1% 103 58.6%
Canberra 117 59.7% 29 66.1% 62 62.1%

Source: My Housing Market

The national weekend auction market reported an average clearance rate of 57.3% over the past week which was lower than the 60.3% reported over the previous week and also lower than the 62.7% reported over the same week last year.

National Auction Clearance Rates - May 2nd, 2026

Auction numbers will continue to rise over coming weeks with housing market focus turning to this coming weeks RBA interest rate meeting.

Sydney auction results

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Note: Sydney auction clearance rate rises.

Sydney’s auction clearance rate was higher over the past week despite a predictable strong rise in post-holiday listings.

Sydney Auction Clearance Rates

Sydney recorded a clearance rate of 66.3% over the past week which higher than the 62.3% recorded over the previous week but again lower than the 72.7% reported over the same week last year.

Auction numbers were predictably higher following the previous week’s ANZAC Day distractions with 1069 homes reported listed versus the 393 auctioned over the previous week and also well above the 552 reported over the same week last year.

Sydney recorded a median price of $1,720,000 for houses sold at auction over the past week which was lower than the $1,752,500 recorded over the previous week and 0.3% lower than the $1,725,000 reported over the same week last year.

The South West recorded the highest regional clearance rate over the past week at 77.3% followed by the Inner West at 72.2% and the Lower North at 71.4%. The Central Coast reported the lowest clearance rate at just 30.8%.

The clearance rate for houses was 64.8% with units higher yet again this week at 73.6%.

Sydney regions weekly auction results - May 2nd 2026

Region Results Clearance Rate Median
Canterbury Bankstown 46 58.7% $1,525,000
Central Coast 13 30.8% $1,290,000
City and East 107 63.6% $1,400,000
Inner West 90 72.2% $1,246,000
Lower North 28 71.4% $1,357,500
North West 40 57.5% $2,082,000
Northern Beaches 35 62.9% $1,967,500
South 62 66.1% $1,525,000
South West 30 73.3% $985,000
Upper North Shore 55 52.7% $2,157,500
West 43 51.2% $1,532,500
Houses 366 64.8% $1,720,000
Units 167 73.6% $1,055,000
Total 533 66.3% $1,500,000

Source: My Housing Market

Top Sydney weekly sales - May 2nd 2026

The top Sydney home reported sold over the past week was a 3-bedroom unit at 307/180-186 Campbell Pde Bondi Beach that sold for $8,700,000.

The most affordable home reported sold at auction in Sydney over the past week was a 1-bedroom unit at 41/8 Brunswick Pde Ashfield that sold for $651,000.

Address Price Agent
307/180-186 Campbell Pde Bondi Beach $8,700,000 McGrath Double Bay
24 Carrington Av Strathfield $7,000,000 Belle Property Strathfield
98 Victoria St Potts Point $6,500,000 Raine & Horne Double Bay
18 Gladstone St Concord $5,225,000 McGrath Strathfield
11 Barclay St Waverley $4,900,000 PPD Real Estate
28 Riverside Dr Sans Souci $4,900,000 McGrath Sans Souci
9/339-341 Edgecliff Rd Edgecliff $4,850,000 Oxford Agency
3 Torquil Av Carlingford $4,010,000 McGrath Epping
252 Campbelltown Rd Denham Court $3,796,000 LJ Hooker Caringbah
10 Cross St Concord $3,700,000 McGrath Strathfield

Source: My Housing Market

Melbourne auction results

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Note: Melbourne clearance rate falls.

Melbourne reported a lower auction clearance rate over the past week as post-holiday listings surged.

Melbourne Auction Clearance Rate and Trend

Melbourne recorded a clearance rate of 61.4% over the past week which was lower than the 63.4% recorded over the previous week and well below the 74.8% reported over the same week last year.

1250 homes were reported listed for auction over the past week which was predictably significantly higher than the 246 auctioned over the previous week and also well above the 775 reported over the same week last year.

Melbourne recorded a median price of $950,000 for houses sold at auction over the past week which was higher than the $936,250 reported over the previous week and 5.7% higher than the $899,100 reported over the same week last year.

Melbourne’s North East reported the top regional clearance rate over the past week with 68.5% followed by the North at 64.2% and the South East at 61.4%. The West and the Inner City each recorded the lowest regional rate this week at 55.7%.

The clearance rate for houses was 59.9% with units higher again this week at 67.8%.

Melbourne regions weekly auction results - May 2nd 2026

Region Results Clearance Rate Median
Inner East 86 60.5% $1,305,000
Inner South 93 60.2% $1,229,000
Inner Urban 70 55.7% $937,000
North East 146 68.5% $828,750
Northern 120 64.2% $793,750
Outer East 105 61.0% $1,100,000
South East 44 61.4% $795,000
West 185 55.7% $912,500
Houses 728 59.9% $950,000
Units 121 67.8% $704,500
Total 849 61.4% $915,000

Source: My Housing Market

Top Melbourne weekly sales - May 2nd 2026

Melbourne’s top reported auction sale over the week was a 5-bedroom house at 690 Nepean Hwy Carrum that sold for $3,100,000.

The most affordable home reported sold at auction in Melbourne over the week was a 1-bedroom unit at 1/259 Nepean Hwy Parkdale that sold for $352,500.

Address Price Agent
690 Nepean Hwy Carrum $3,100,000 Ray White Chelsea
160 Wattle Valley Rd Camberwell $2,951,800 Heavyside
1/14 Drake St Brighton $2,910,000 Belle Property Sandringham
36 Waimarie Dr Mount Waverley $2,650,000 Marshall White
14B Retreat Rd Hampton $2,630,000 Buxton Real Estate
1 One Tree Hl Donvale $2,415,000 Barry Plant Manningham
37 Kendall St Preston $2,300,000 Nelson Alexander Preston
11 Sherwood Rd Surrey Hills $2,280,000 Heavyside
28 Parkers Rd Parkdale $2,115,000 Barry Plant Bayside
5 Almond St Balwyn North $2,110,000 Fletchers Manningham

Source: My Housing Market

Brisbane auction results

Top Brisbane weekly sales - May 2nd 2026

Address Price Agent
27 Verney Rd W Graceville $2,525,000 Ray White Sherwood
56 Kathleen St Corinda $2,380,000 Ray White Sherwood
33 Arthur Tce Red Hill $2,280,500 Position Property Services
14 Pinecroft St Camp Hill $2,230,000 Harcourts Property Centre
64 Guthrie St Paddington $1,950,000 Place West
64 Winchester St Hamilton $1,875,000 Coronis Ascot
75 Daisy St Newmarket $1,850,000 Place
62 Cedarleigh Rd Kenmore $1,780,000 Ray White Toowong
7 Gould Pl Herston $1,720,000 Ray White Wilston
108 Crewe St Mount Gravatt East $1,675,000 Ray White

Source: My Housing Market

Canberra auction results

Top Canberra weekly sales - May 2nd 2026

Address Price Agent
21 Favenc Cir Griffith $1,800,000 Belle Property Canberra
10 Howarth Pl Chapman $1,550,000 home.byholly
23 Tishler St Wright $1,420,000 home.byholly
14 Slavin Pl Gordon $1,420,000 Irwin Property
5 Oakes St Cook $1,400,000 Bastion Property Group
3 Decima Cct Nicholls $1,325,000 Raine & Horne Gungahlin
32 Davidson St Higgins $1,315,000 Ray White Canberra
55 Katherine Av Amaroo $1,250,000 MARQ Property
15 Crackajack Wy Moncrieff $1,190,000 MARQ Property
39 Magrath Cr Spence $1,160,000 Jonny Warren Properties

Source: My Housing Market

Adelaide auction results

Top Adelaide weekly sales - May 2nd 2026

Address Price Agent
25 Albert St Payneham $3,160,000 Williams Real Estate
17A Jetty St Grange $2,100,000 Ray White Grange
63 Broad St Marden $2,010,000 Giordano & Partners
4 Kooyonga Gr West Lakes $1,820,000 Harris Real Estate - Kent Town
22 Verona Av Newton $1,680,000 Ray White
11 Bellevue Dr Beaumont $1,680,000 Ray White Burnside
87 Ashbrook Av Payneham South $1,670,000 Alexander Real Estate
75 West St Torrensville $1,540,000 LJ Hooker Mile End
13 Sando St Findon $1,515,000 Ray White Glenelg
18 Freeman Av Tranmere $1,412,000 Harris Real Estate - Kent Town

Source: My Housing Market

Andrew Wilson
About Dr. Andrew Wilson Dr Andrew Wilson, Chief Economist of www.MyHousingMarket.com.au is widely regarded as Australia’s leading property economist.
41 comments

National Weekly Auction Report – May 2nd 2026 | Clearance Rates Fall" Its obvious these clearance rates are being manipulated by the agents. Here are the REAL results from the leading “Sydney Eastern Suburbs” property market. Auction results from ...Read full version

0 replies

It would seem buyers of a certain profile are clustering around Rochedale, Queensland.

0 replies

"Clearance Rates Ease as Auction Numbers Continue to Rise" Could this be because: 1. Prices cant keep going up if rates are not falling and many buyers are hence hitting an affordability ceiling. or 2. because buyers are getting sick and tired o ...Read full version

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