This weekend’s auction results – Clearance rates around Australia
Typical high listing numbers over the pre-Grand Finals Super Saturday of auctions failed to quell buyer demand with more positive results generally reported in most capitals.
Auction results around Australia (September 21st 2024):
| Capital City | This Saturday | Last Saturday | Saturday Last Year | |||
|---|---|---|---|---|---|---|
| Auctions | Rate | Auctions | Rate | Auctions | Rate | |
| Sydney | 1004 | 70.7% | 908 | 69.2% | 875 | 75.9% |
| Melbourne | 1282 | 63.1% | 1129 | 64.6% | 889 | 70.5% |
| Brisbane | 87 | 53.7% | 95 | 41.2% | 67 | 60.0% |
| Adelaide | 145 | 83.0% | 117 | 71.6% | 98 | 87.0% |
| Canberra | 83 | 56.3% | 81 | 56.5% | 83 | 55.1% |
Source: My Housing Market
The national weekend auction market reported a clearance rate of 65.4% which was well above the 60.6% reported over the previous weekend – but below the 69.7% recorded over the same weekend last year.
National auction numbers were predictably higher at the weekend with 2601 listings versus the previous weekends 2330, and also remained well above the 2012 listed over the same weekend last year.
Auction numbers can be expected to fall sharply next weekend reflecting school holiday and football Grand Final distractions.
Sydney auction results
Note: Sydney clearance rate rises despite flood of auctions.
The Sydney auction market reported a higher clearance rate at the weekend despite a flood of auction numbers providing more choices for buyers.
Sydney recorded a clearance rate of 70.7% at the weekend which higher than the 69.2% recorded over the previous weekend but lower than the 75.9% rate recorded over the same weekend last year.
Auction numbers were significantly higher at the weekend with 1004 listed versus the 908 recorded over the previous weekend, and also higher than the 875 listed over the same weekend last year.
Sydney recorded a median price of $1,715,500 for houses sold at auction at the weekend which was higher than the previous weekend’s $1,714,000 and 0.1% higher than the $1,714,500 recorded over the same weekend last year.
The Upper North Shore recorded the highest regional clearance rate at the weekend at 78.2% followed by the Northern Beaches at 77.2% and the City and East and Inner West each at 74.3%. The Central Coast reported the lowest clearance rate at 40.7%.
The clearance rate for houses was 71.1% with units lower again this weekend at 69.1%.
Sydney region auction results (September 21st 2024):
| Region | Results | Clearance rate | Median |
|---|---|---|---|
| Canterbury Bankstown | 30 | 68.9% | $1,455,000 |
| Central Coast | 11 | 40.7% | $1,222,500 |
| City and East | 102 | 74.3% | $1,455,000 |
| Inner West | 83 | 74.3% | $1,800,000 |
| Lower North | 55 | 71.3% | $1,571,000 |
| North West | 28 | 64.3% | $1,950,500 |
| Northern Beaches | 28 | 77.2% | $1,286,000 |
| South | 59 | 67.4% | $1,705,000 |
| South West | 24 | 57.0% | $780,000 |
| Upper North Shore | 75 | 78.2% | $2,500,000 |
| West | 55 | 65.8% | $1,255,000 |
| Houses | 418 | 71.1% | $1,715,500 |
| Units | 159 | 69.1% | $992,500 |
| Total | 551 | 70.7% | $1,515,000 |
Source: My Housing Market
The top reported Sydney auction sale at the weekend was a 5-bedroom house at 31 Boden Av Strathfield that sold for $9,300,000. View top selling home here 31 Boden Av Strathfield.
The most affordable home reported sold at auction in Sydney at the weekend was a 2-bedroom unit at 6/145 Pitt St Merrylands that sold for $410,000.
Top Sydney sales (September 21st 2024):
| Address | Price | Agent |
|---|---|---|
| 31 Boden Av Strathfield | $9,300,000 | McGrath Strathfield |
| 72 Highfield Rd Lindfield | $7,500,000 | DiJones – Lindfield |
| 22 Tyneside Av Willoughby | $6,150,000 | DiJones – Willoughby |
| 6 Wyalong St Willoughby | $4,720,000 | Ray White Lower North Shore |
| 21 Torokina Av St Ives | $4,505,000 | RAINE & HORNE ST IVES |
| 26a Ku-Ring-Gai Av Turramurra | $4,500,000 | Morton |
| 14B Woodside Av Burwood | $4,300,000 | Ray White Elevate |
| 70 Kendall St Sans Souci | $3,725,000 | Stone Sans Souci |
| 52 Walsh Av Maroubra | $3,725,000 | Ray White Eastern Beaches |
| 72 Cassia St Dee Why | $3,700,000 | Ray White Freshwater |
Source: My Housing Market
Melbourne auction results
Note: Clearance rates steady over Melbourne super Saturday.
Melbourne clearance rates were similar to those reported over the previous weekend despite the usual big numbers of listings over the pre-Grand Final Super Saturday of auctions.
Melbourne recorded a clearance rate of 63.1% on Saturday which slightly lower than the 64.6% recorded over the previous weekend and also lower than the 70.5% recorded over the same weekend last year.
1282 homes were reported listed over the weekend which was significantly higher than the 1129 auctioned over the previous weekend and again well ahead of the 889 listed over the same weekend last year.
Melbourne recorded a median price of $1,008,000 for houses sold at auction at the weekend which was lower than the $1,090,000 reported over the previous weekend but 2.3% higher than the $985,000 recorded over the same weekend last year.
Melbourne’s South East reported the top regional clearance rate on Saturday with 67.1% followed by the Outer East at 66.9% and the North East at 64.8%. The Inner City recorded the lowest regional rate at 54.3%.
The house clearance rate for houses was 63.0% with units similar this weekend at 63.6%.
Melbourne region auction results (September 21st 2024):
| Region | Results | Clearance rate | Median |
|---|---|---|---|
| Inner East | 134 | 63.9% | $1,300,888 |
| Inner South | 144 | 62.8% | $1,148,000 |
| Inner Urban | 96 | 54.3% | $1,237,000 |
| North East | 130 | 64.8% | $800,000 |
| Northern | 98 | 62.4% | $841,250 |
| Outer East | 114 | 66.9% | $1,021,000 |
| South East | 59 | 67.1% | $798,500 |
| West | 141 | 62.8% | $860,000 |
| Houses | 739 | 63.0% | $1,008,000 |
| Units | 177 | 63.6% | $720,000 |
| Total | 916 | 63.1% | $940,500 |
Source: My Housing Market
Melbourne’s top reported auction sale at the weekend was a 4-bedroom house at 5 Highton Grove Deepdene that sold for $4,275,000. View top selling home here 5 Highton Grove Deepdene.
The most affordable home reported sold at auction in Melbourne at the weekend was a 2-bedroom unit at 10/1 Marnoo St Braybrook that sold for $360,000.
Top Melbourne sales (September 21st 2024):
| Address | Price | Agent |
|---|---|---|
| 5 Highton Grove Deepdene | $4,275,000 | Heavyside |
| 5 Jubilee St Mount Waverley | $3,900,000 | Jellis Craig Monash |
| 4 Jesse St Glen Iris | $3,280,000 | Fletchers Glen Iris |
| 13 Royal Cr Camberwell | $3,125,000 | Marshall White |
| 17 Normandy Rd Elwood | $2,800,000 | McGrath St Kilda |
| 1 Anthlin Ct Templestowe | $2,703,500 | Barry Plant Manningham |
| 14 Wentworth Av Sandringham | $2,665,000 | Jellis Craig Brighton |
| 179 Ashworth St Middle Park | $2,550,000 | Marshall White Port Phillip |
| 7 Howell Dr Mount Waverley | $2,450,000 | Buxton |
| 10 Crellin Gr Camberwell | $2,378,000 | Belle Property Glen Iris |
Source: My Housing Market
Brisbane auction Results
Top Brisbane sales (September 21st 2024):
| Address | Price | Agent |
|---|---|---|
| 6 Robe St Newmarket | $3,425,000 | Ray White Wilston |
| 25A Warmington St Paddington | $3,017,777 | Ray White Paddington |
| 49 Macdonald St Norman Park | $2,720,000 | Belle Property Bulimba |
| 126 Ernest St Manly | $2,008,000 | McGrath Estate Agents |
| 7 Meadfoot Rd Virginia | $1,593,000 | Ray White Aspley |
| 137 Ulinga Cr Parkinson | $1,353,000 | Ray White Rochedale |
| 20 Woorabinda St Runcorn | $1,321,000 | Place |
| 33 Riding Rd Hawthorne | $1,320,000 | Harcourts Inner East |
| 49 Wakefield St Sandgate | $1,310,000 | Ray White Bridgeman Downs |
| 31 Long St Camp Hill | $1,280,000 | Ray White |
Source: My Housing Market
Adelaide auction results
Top Adelaide sales (September 21st 2024):
| Address | Price | Agent |
|---|---|---|
| 43 Hereford Av Trinity Gardens | $2,600,000 | Alexander Real Estate |
| 98 Osmond Tce Norwood | $1,990,000 | Ray White Norwood |
| 35 Grange Rd Lower Mitcham | $1,856,000 | Harris Real Estate Daw Park |
| 24 Cassie St Collinswood | $1,730,000 | Ray White Prospect |
| 43 Mary St Unley | $1,650,000 | Ray White |
| 11 Marshall Tce Brooklyn Park | $1,650,000 | Ouwens Casserly |
| 21 Bartlett Dr Novar Gardens | $1,600,000 | Ray White |
| 20 Victoria St Mile End | $1,535,000 | Ray White Unley |
| 64 Gover St North Adelaide | $1,505,000 | Klemich Real Estate |
| 68 Gladstone Av Kilburn | $1,460,000 | Ray White Adelaide City |
Source: My Housing Market
Canberra auction results
Top Canberra sales (September 21st 2024):
| Address | Price | Agent |
|---|---|---|
| 14 Dawson St Curtin | $2,260,000 | home.byholly |
| 17 Sutcliffe St Nicholls | $2,250,000 | MARQ Property |
| 65 Dunstan St Curtin | $1,670,000 | home.byholly |
| 120 Hopetoun Cct Yarralumla | $1,600,000 | home.byholly |
| 56 Southwell St Weetangera | $1,560,000 | Ray White Canberra |
| 1/30 Bindaga Pl Aranda | $1,265,000 | Hive Property |
| 49 A’beckett St Watson | $1,222,000 | Luton Properties – Manuka |
| 3 Munro St Curtin | $1,190,000 | Luton Properties – Manuka |
| 24 Skinner St Cook | $1,100,000 | Bastion Property Group |
| 33 Callaway Cr Gordon | $1,040,000 | Ray White Canberra |
Source: My Housing Market
