Key takeaways
The March auction market has started strong, with positive clearance rates in most capitals, despite an increase in listings.
The national weekend auction market saw a clearance rate of 62.6% last week.
Early-year auction markets show strong results from rising listings, with buyer and seller confidence boosted by the recent RBA interest rate cut, suggesting potential price growth.
The March auction market has commenced with generally steady clearance rates reported in most capitals despite another rise in listings over the past week.
This weekend’s auction results around Australia:
| Capital City | This Week | Last Week | Saturday Last Year | |||
|---|---|---|---|---|---|---|
| Auctions | Rate | Auctions | Rate | Auctions | Rate | |
| Sydney | 1291 | 74.3% | 1218 | 75.6% | 912 | 74.9% |
| Melbourne | 1362 | 66.7% | 1355 | 69.1% | 1275 | 65.4% |
| Brisbane | 159 | 39.0% | 131 | 39.6% | 115 | 68.3% |
| Adelaide | 169 | 73.4% | 175 | 67.1% | 146 | 76.2% |
| Canberra | 96 | 59.5% | 109 | 63.0% | 83 | 63.3% |
Source: My Housing Market
The national weekend auction market reported a clearance rate of 62.6% over the past week which was just below the 62.9% reported over the previous week – and lower than the 69.6% recorded over the same week last year.
Early-year auction markets have continued to report generally solid results from surging listings with buyer and seller confidence and the prospect of prices growth supported by the recent RBA interest rate cut.
Sydney auction results
Note: Sydney clearance rate slightly lower but still strong.
The Sydney auction market reported a slightly lower clearance rate over the past week but remained clearly in favour of sellers despite another sharp rise in auction numbers.
Sydney recorded a clearance rate of 74.3% over the past week which was slightly lower than the 75.6% recorded over the previous week and similar to the 74.9% rate recorded over the same week last year.
Auction numbers were again significantly higher over the past week with 1291 reported listed versus the 1218 recorded over the previous week and well ahead of the 912 reported over the same week last year.
Sydney recorded a median price of $2,070,000 for houses sold at auction over the past week which was higher than the $1,940,000 recorded over the previous week and 15.9% higher than the $1,786,500 recorded over the weekend of the same week last year.
The Northern Beaches again recorded the highest regional clearance rate over the past week at 79.4% closely followed by Canterbury Bankstown at 79.3% and the City and East at 74.4%. The Central Coast reported the lowest clearance rate at 60.0%.
The clearance rate for houses was 73.1% with units higher again this week at 77.2%.
Sydney Regions Auction Results, Saturday, March 1st 2025:
| Region | Results | Clearance rate | Median |
|---|---|---|---|
| Canterbury Bankstown | 29 | 79.3% | $1,488,000 |
| Central Coast | 10 | 60.0% | $850,000 |
| City and East | 180 | 74.4% | $1,635,000 |
| Inner West | 96 | 74.0% | $1,475,000 |
| Lower North | 101 | 70.3% | $1,376,000 |
| North West | 28 | 64.3% | $2,060,000 |
| Northern Beaches | 63 | 79.4% | $1,915,000 |
| South | 62 | 74.2% | $1,530,000 |
| South West | 32 | 65.6% | $1,230,000 |
| Upper North Shore | 117 | 72.6% | $2,340,000 |
| West | 64 | 67.2% | $1,345,000 |
| Houses | 516 | 73.1% | $1,846,000 |
| Units | 249 | 77.2% | $940,000 |
| Total | 765 | 74.3% | $1,530,000 |
Source: My Housing Market
The top reported Sydney home reported sold over the past week was a 6-bedroom house at 45 Fowler Cr Maroubra that sold for $7,125,000.
View top selling home here 45 Fowler Cr Maroubra.
The most affordable home reported sold at auction in Sydney over the past week was a 2-bedroom unit at 9/2 Melrose Av Wiley Park that sold for $465,000.
Top Sydney Sales, Saturday, March 1st 2025:</
