As we step into the spring auction market, the property landscape is beginning to shift. Traditionally, spring brings with it not only better weather but also a surge in the number of homes coming to market. Sellers often see spring as the ideal time to showcase their properties, and buyers who have been waiting through the colder months are usually ready to act.

Scheduled Auctions
1307

Reported Auctions
784

Total Sold
652

Total Passed In
132

Clearance Rate
83%

Scheduled Auctions
1185

Reported Auctions
941

Total Sold
668

Total Passed In
200

Clearance Rate
71%

Of course, in Melbourne, there’s always the annual distraction of the AFL finals to contend with. For a few weeks, the property market competes with footy fever, and open homes can take a back seat to the excitement on the field. But once the siren sounds on the season, attention quickly swings back to property, and the pace of the market generally picks up.

This year, the conditions are particularly interesting. The market is proving to be patchy with some segments performing strongly while others lag. Family homes in tightly held suburbs, for example, continue to see solid demand, while some higher-density developments and investment stock are slower to move. This unevenness creates both challenges and opportunities depending on which side of the market you’re on.

One key measure that gives us confidence, however, is the auction clearance rate. With results holding steady above 70%, we’re seeing consistent buyer demand across the board. A clearance rate in that range is generally regarded as a sign of a healthy market, one where buyers are active and sellers are achieving fair results.

What Buyers Should Keep in Mind This Spring

For buyers, the spring auction market can feel fast-paced and competitive, but it also brings opportunity. With more properties coming onto the market, there’s a greater chance of finding the right home or investment. The increase in stock means you may not need to compromise as much as in winter, when choices are fewer.

That said, not all properties are created equal. The best homes in desirable locations will still attract strong bidding, so being prepared is critical. Buyers should have their finances in order, know their limits, and research comparable sales ahead of time. Being auction-ready can make all the difference in securing the property you want without overstepping your comfort zone.

It’s also worth remembering that while clearance rates are strong, not every property sells under the hammer. Some pass in and then sell shortly after, often at a negotiated price that reflects a more balanced outcome for both buyer and seller. Smart buyers keep a close eye on these opportunities, as they can present good value in a market where competition is high.