The Domain report also showed that auction activity has intensified, with volumes 31.1% higher than in winter. Despite the surge in listings and auctions, clearance rates tend to remain strong, particularly in Sydney and Melbourne, which together account for 70% of national auction activity.
The latest figures indicate that houses sold in spring achieve a 2.6% price premium compared to winter. Between January and July 2025, the combined capital median house price increased by 9.2%, the third-highest growth rate for this period in the past ten years. This upward trend is particularly pronounced in Brisbane, Canberra, and Hobart, where spring price gains have averaged 3%.
Auction clearance rates have also reached notable highs. In July 2025, Sydney and Melbourne reported clearance rates of 69.1% and 68% respectively, outpacing their results from spring 2024. Other capitals, including Adelaide and Brisbane, are performing near the upper end of their historical ranges, although Perth has recorded a lower rate of 16.4% this winter.
Supply trends have varied by city. Sydney has maintained strong inventory growth, with a 14.6% increase in properties for sale in July. In contrast, Melbourne’s stock has begun to decline after peaking at record levels late last year, while other cities such as Brisbane, Perth, and Adelaide have seen supply tighten after initial gains earlier in 2025.