Auctions Already Picking Up

With the Easter holidays and ANZAC Day long weekend, now done and dusted Australia’s auction market is expected to pick up pace again. 

Although with another long weekend looming in some states for Labour Day next week and the Federal Election on Saturday, it may take a little longer to return to normal levels.

As is to be expected, the auction clearance rate last week was low, just 64.2% - the lowest since mid-December 2025 according to Cotality (formerly CoreLogic). 

Cotality head of research Tim Lawless says anticipation of another interest rate cut in May could improve auction conditions.

There were 1080 auctions were held last week (up from the 644 properties auctions over the Easter long weekend) which is well down on the same time last year when 1964 homes were offered under the hammer.

Melbourne was the busiest auction market last week, achieving a clearance rate of 67.6%, followed by Sydney 66.2%, Adelaide, 61.1% and Brisbane 47.1%.

Within the broader markets, Melbourne’s outer east was the most successful auction market over the weekend with its clearance rate of 86.7% while the Gold Coast had the lowest clearance rate of 37.5%.