Weekend auction results as market gears up for peak property period
Auction volumes are picking up pace after the holiday lull, with 1399 homes going under the hammer last week-a significant jump from 429 the previous week.
However, volumes remain lower than the same time last year when 1712 auctions were held, according to CoreLogic.
“The auction market is gradually shaking off the festive slowdown,” said CoreLogic research director Tim Lawless.
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By continuing you agree to our Terms and Privacy Policy.“Clearance rates remain relatively steady, with a preliminary capital city average of 65.0 per cent this week, compared to 64.5 per cent last week.”
Melbourne and Sydney led the way in auction numbers, with both cities posting solid clearance rates. In Melbourne, 479 homes went to auction, with a preliminary clearance rate of 65.4 per cent. Meanwhile, Sydney hosted 461 auctions, recording a stronger early clearance rate of 67.5 per cent, up from the previous week’s 59.5 per cent.
Among the smaller capitals, Brisbane saw 161 auctions with a clearance rate of 58.7 per cent, while Adelaide and Canberra recorded 156 and 131 auctions, with clearance rates of 61.7 per cent and 68.7 per cent, respectively.
As auction activity heats up, Tim Lawless expects momentum to build. “Historically, we see peak activity just before Easter, so we anticipate higher auction numbers in the coming weeks,” he said.
Adelaide
Adelaide’s 31 Prosser Avenue, Norwood, a stunningly renovated c1910 Sandstone Villa, sold for $2.3 million at auction. The four-bedroom home, featuring an architectural extension, was highly sought after.
Buyers are still drawn to character homes with modern renovations and this home delivered the perfect blend of heritage charm and contemporary luxury.
Melbourne
A five-bedroom home at 1 Clevedon Court, Kew sold under the hammer for $2.225 million, with strong competition from multiple bidders.
Located in one of Melbourne’s most prestigious pockets, the double-storey property attracted families looking for space and proximity to top-tier schools.
Brisbane
In Brisbane’s sought-after West End, a luxury apartment at 30907/9 Pidgeon Close sold for $1.95 million at auction, with local families and investors vying for the keys.
The location and river views make this a dream home for those seeking a high-end, low-maintenance lifestyle and the lucky buyers secured a premium apartment in one of Brisbane’s most tightly held buildings.
Sydney
In Sydney’s north, families flocked to 46/1 Citrus Avenue, Hornsby, which sits in the prized Hornsby North Public School catchment. The three-bedroom apartment, with its modern interiors and spacious terrace, saw strong interest.
This is an ideal home for families who value location, lifestyle, and quality design.
Perth
In Perth, a charming three-bedroom home at 41 Lawler Street, South Perth sold under the hammer for $1.56 million. The home, with a spacious open-plan design and views of the city skyline, attracted strong local interest.
South Perth remains one of the most desirable suburbs for families and professionals, and this property’s location and entertaining spaces made it a standout auction.
With auction volumes set to rise in the coming weeks, all eyes will be on the market to see if clearance rates hold steady amid increasing stock levels.s property’s location and entertaining spaces made it a standout auction.
With auction volumes set to rise in the coming weeks, all eyes will be on the market to see if clearance rates hold steady amid increasing stock levels.
Originally published as Aussie auction activity surges post-holidays
