Australia’s spring property market is staying busy, with auction numbers rising again this week and clearance rates holding steady across the capitals. The late-season lift is giving buyers more room to move while putting pressure on sellers to price sharply and prepare well, as stock levels reach their November peak.
Nationally, the clearance rate came in at 67.4 per cent, almost identical to last week’s 67.6 per cent and well ahead of the 59.6 per cent recorded at the same time last year. The pattern is broadly consistent across the cities, with listings continuing to build in both Sydney and Melbourne and holding firm elsewhere.
Sydney remains the clear leader. The city hosted 1,572 auctions, an increase on the previous weekend, and still managed to stay above a 70 per cent clearance rate. Its median house price rose again to just over two million dollars, reflecting how much competition continues at the upper end. The strongest results came from the Lower North Shore and the eastern beaches, while outer-city pockets recorded more uneven outcomes as supply grows. The week’s top sale, a home on Alison Road in Coogee, reached 12.1 million dollars.
Melbourne also lifted its auction numbers as vendors seek to finalise sales before the end of the year. Clearance rates eased slightly to just over 68 per cent, though still tracking well ahead of last year. Activity was strongest through the North and South-East, which remain Melbourne’s most reliable markets for upgrader and first-home demand. The high-end inner suburbs saw more cautious bidding and longer campaigns.
Brisbane produced one of the more noticeable shifts, climbing to a clearance rate of 58.3 per cent, its best result since early spring. Adelaide continued its steady run, again recording the country’s highest clearance rate. Canberra held its position with another consistent week, underpinned by stable volumes.
As the market approaches the final stretch of spring, buyers are enjoying greater choice, which is softening competition on secondary properties. Sellers looking to secure a result before Christmas are relying on accurate pricing, good preparation, and an understanding that more stock inevitably spreads out demand. With interest rates steady, confidence remains intact across most cities, even as the season’s traditional surge begins to settle.
Data source: National Weekly Auction Report, 15 November 2025
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