Among the smaller capitals, Adelaide held 79 auctions with its clearance rate easing to 55.7% from 59.5%. Brisbane stood out with just 135 auctions and a clearance rate of 34.1%, down from 39.9% — the lowest weekly result for the city since 7 June 2020, when it recorded 33.3%. Canberra’s clearance rate rose to 48.6% from 38.7% across 36 auctions. Perth held 14 auctions and recorded a clearance rate of 64.3%, up from 54.5%. Tasmania held two auctions, with one selling and one passing in.
Of the 1,175 auctions across the combined capitals, 455 properties passed in (38.7%) and 164 were withdrawn (14.0%). Brisbane recorded the highest pass-in rate at 56.3%, while Sydney accounted for the largest share of withdrawals, with 91 properties or 18.8% of its auctions.
Weekly clearance rate, combined capital cities 
Source: Cotality
“Broadly, the weighted average clearance rate has been on a steady downtrend since late February 2026,” said Annabelle Mezieres, economist at Cotality. “After reducing to 55.3% in the week ending 3 May, the clearance rate slipped to 49% by the end of May and has now dropped to 47.3% in the first week of June, well below the decade average of 64%.”
The softening trend has coincided with weaker consumer sentiment, with the Westpac–Melbourne Institute index falling approximately 3% in June. The ‘House Price Expectations’ sub-index also dropped 14.9% in June, pointing to increased caution among households on the price outlook.