Sydney recorded a major rebound in auction volumes, with 1,003 homes going under the hammer – more than doubling the previous week’s 442 auctions. The jump comes as the city recovered from the NRL Grand Final long weekend. The clearance rate remained solid at 73.9%, edging higher from 72.4% the previous week.
In the Sydney sub-regions, Baulkham Hills and Hawkesbury posted the highest clearance rate of 88.2%, followed by Inner South West at 81.5% and the Inner West at 79%.
While volumes dipped slightly in Brisbane, down to 133 auctions from 147 the week before, the market’s clearance rate softened only modestly to 68.5%. Still, the result marks the fourth straight week the city has maintained a clearance rate in the high 60s, reflecting stable underlying demand.