{"id":476332,"date":"2026-06-14T04:26:32","date_gmt":"2026-06-14T04:26:32","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/476332\/"},"modified":"2026-06-14T04:26:32","modified_gmt":"2026-06-14T04:26:32","slug":"auction-clearance-rate-falls-to-second-consecutive-week-below-50","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/476332\/","title":{"rendered":"Auction clearance rate falls to second consecutive week below 50%"},"content":{"rendered":"

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% \u2014 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.<\/p>\n

Of the 1,175 auctions across the combined capitals, 455 properties passed in (38.7%) and 164 were withdrawn (14.0%).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.<\/p>\n

Weekly clearance rate, combined capital cities\u00a0\u00a0Source: Cotality\u00a0<\/p>\n

“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<\/a>, the clearance rate slipped to 49% by the end of May<\/a> and has now dropped to 47.3% in the first week of June,\u00a0well below the decade average of 64%.”<\/p>\n

The softening trend has coincided with weaker consumer sentiment<\/a>, with the Westpac<\/a>\u2013Melbourne 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.<\/p>\n","protected":false},"excerpt":{"rendered":"Among the smaller capitals, Adelaide held 79 auctions with its clearance rate easing to 55.7% from 59.5%. Brisbane…\n","protected":false},"author":2,"featured_media":476333,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[1978,138,240009,37006,219,111,139,69],"class_list":["post-476332","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-auction","tag-business","tag-clearance-rate","tag-cotality","tag-economy","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/476332","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=476332"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/476332\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/476333"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=476332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=476332"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=476332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}