The arrival of spring has injected fresh momentum into the auction market. According to Cotality, there were 2,436 auctions last weekend across the combined capital cities, with another 2,600 already scheduled for the week ahead.

This represents an almost 15% increase in listings compared to the final weeks of winter, signalling renewed confidence among vendors. While clearance rates have eased slightly with the influx of stock, they remain strong, averaging 74.8% nationally — well above long-term trends. Melbourne has seen a particularly active period, recording more than 1,000 auctions each week for three consecutive weeks. Last week alone, the city posted a clearance rate of 75.2%, closely matched by Adelaide at 75.4%, Sydney at 74.7%, Brisbane at 74%, and the ACT at 73.3%.

Cotality economist Kaytlin Ezzy says the slightly lower clearance rates reflect a “subtle easing” of competition, but overall the results are encouraging. “This is still a strong performance for spring, particularly with more homes coming to market. Vendors are in a good position heading into the busiest part of the year.”