Auction results remain strong in 2024

It’s been an impressive start to the year for auction markets, with clearance rates rebounding across the country.

Sydney’s preliminary clearance rate finished down slightly (76.2%) across 891 auctions this weekend, but the result is still considered very strong.

Meanwhile, Melbourne’s preliminary clearance rate came in at 66.2% and well above levels recorded late last year. The total number of auctions held over the weekend were above 1,400. 

Across the smaller capitals, Brisbane recorded the busiest week, with 169 homes headed to auction, followed by Adelaide (119), Canberra (50), Perth (13) and Tasmania (1). 

Adelaide recorded the highest preliminary clearance rate at 83.1%, followed by Canberra (69.4%) and Brisbane (65.9%).