The AustralianThe Australian property market continues to exhibit strong spring momentum, with just over 3,000 homes set for auction across the combined capitals this week (week ending November 23, 2025).

Specifically, 3,008 homes are currently scheduled to go under the hammer. Although this volume represents a weekly decrease of -6.1% compared to the week prior, it signifies a strong overall market, as this figure is 13.9% higher than the 2,640 homes auctioned during the same week last year.

The previous week (ending November 16, 2025) was notably busy, recording 3,204 auctions across the combined capitals, which was the second-highest volume of auctions so far this year.

Major Capital City Contributions

The majority of this week’s scheduled auctions are concentrated in Melbourne and Sydney:

Melbourne is set to host 1,322 auctions this week. This is down from the 1,451 auctions held last week, which was Melbourne’s third busiest auction week of the year. However, the scheduled 1,322 auctions are significantly higher than the 1,161 held during the same week last year. Last week, Melbourne’s final clearance rate came in at 63.4%, a decrease from 65.9% the week prior.

Sydney is scheduled for 1,217 homes to go under the hammer. This number is only a marginal decrease of -1.4% from the 1,234 auctions held last week, which was Sydney’s second busiest auction week of the year so far. This week’s volume is also 22.4% higher than the 994 auctions held in Sydney one year ago. Last week, Sydney recorded a final clearance rate of 62.1%, which was its lowest clearance rate since the week ending June 8th.

Activity in Smaller Capitals

Auction activity is generally down across the smaller capitals week-on-week, with the sole exception of Perth.

• Brisbane is set to be the busiest market among the smaller capitals, with 179 homes scheduled for auction, down from 214 last week. Last week, Brisbane’s clearance rate was 65.0%.

• Adelaide has 148 auctions scheduled this week, down from 156 last week. Adelaide recorded the highest clearance rate among the smaller markets last week, at 72.4%.

• Canberra is scheduled for 126 auctions, a drop from 138 held last week. Canberra’s final clearance rate last week was 56.5%.

• Perth is the only capital city seeing an increase, with 16 auctions scheduled this week, up from 11 last week.

• Tasmania has no auctions scheduled this week, marking the second consecutive week without scheduled auctions.

Forward Look

Looking ahead, auction volume is expected to rise sharply. The following week (ending November 30, 2025) is currently set to be the busiest auction week since Easter last year (which saw 3,519 auctions), with just under 3,450 auctions currently scheduled across the combined capitals.

The consistent high volume, even with the slight weekly dip to just over 3,000 homes, indicates that the market is navigating a significant wave of inventory. However, the overall combined capitals final clearance rate slipped to 63.1% last week, which was the lowest clearance rate recorded since the week ending June 8th (60.7%). This suggests that while stock is plentiful, buyers may be becoming more selective, causing success rates to soften marginally as supply attempts to keep pace with demand.

This sustained high volume of auctions is like a busy freeway during peak season: traffic is heavy, indicating high activity and movement, but the speed of successful transactions (the clearance rate) is slightly slowing down due to the sheer amount of flow.