Auction Clearance Rates Climb – But the Market Remains Selective

With auction clearance rates now edging into the mid 80% range, there’s no doubt we’re seeing renewed life in the property market. Confidence is building, buyers are more active, and competition at auctions is heating up again. But while the numbers look strong on the surface, it’s important to understand that this recovery isn’t universal.

Scheduled Auctions
1316
Reported Auctions
739
Total Sold
635
Total Passed In
104
Clearance Rate
86%

Scheduled Auctions
1200
Reported Auctions
831
Total Sold
610
Total Passed In
150
Clearance Rate
73%

The sub $1 million market is showing particularly strong momentum. First home buyers and investors are back in force, drawn by the relative affordability and shortage of quality homes in this bracket. Similarly, the downsizer segment remains robust, with well located, low maintenance homes in established suburbs attracting plenty of attention.

However, beyond those two markets, conditions are far more uneven. Some segments and locations remain patchy, and not everything is selling quickly. We’re continuing to see a clear divide between good properties those that are well-presented, well located, and priced in line with buyer expectations and those that miss the mark.

As has been the case throughout the year, good properties are finding good results. They’re selling strongly and often exceeding vendor expectations. On the other hand, poor-quality or overpriced listings are struggling to gain traction, often sitting on the market for extended periods or needing price adjustments before serious interest emerges.

The silver lining here is that this isn’t a sign of a weak or overheated market it’s actually a sign of a healthy one. A balanced, functioning market is one where buyers are discerning and where price and quality still matter. When buyers are willing to pay strong prices for the right property but are equally willing to walk away from overpriced or inferior options, it means confidence is returning, but with discipline.

This kind of market rewards sellers who are realistic and agents who price property accurately. It also gives buyers more confidence that they’re not competing in a runaway market, but one that’s moving steadily and sustainably.

As we head deeper into the spring selling season, expect to see this trend continue. Strong results for quality property will likely persist, but selectivity will remain a theme. The key takeaway? The market is alive and active but only for the right properties.