{
  "id": 6819283,
  "title": "No spring bounce for Australia’s auction market",
  "url": "https://urgent.news/2026/09/11/no-spring-bounce-for-australias-auction-market",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-11T22:50:49.000Z",
  "source": {
    "name": "MacroBusiness",
    "slug": "macrobusiness",
    "url": "https://www.macrobusiness.com.au/2026/09/no-spring-bounce-for-australias-auction-market-2/"
  },
  "original_language": "en",
  "account": "Australia's auction market has continued to struggle, with no signs of improvement in the latest figures. The final clearance rate for the week ending September 6 stood at 49.3%, marking the 14th consecutive week below the 50% threshold. This is a significant decline compared to the same period last year, when the clearance rate was 70.0%, indicating a 20.7 percentage point drop. Auction volumes have also fallen by 32.6% during this period. While the overall clearance rate has shown a slight improvement from June's low, it remains at a level that reflects ongoing price declines. In Sydney, the clearance rate increased to 52.5% from 51.5%, reaching its highest since July 26, though auction numbers fell by 1.6% to 501 from 509. Melbourne's clearance rate improved to 54.6% from 53.7%, the strongest level since August 9, with auction volumes up by 1.9% to 656 from 644 the previous week. However, Brisbane's market has seen a dramatic drop, with only 26.0% of auctions resulting in a sale, the lowest in any capital city, and a decrease of 10.3% from the previous week. The Cotality's daily dwelling values index continues to decline rapidly, with a 1.3% drop over the last month and a quarterly decline of 3.9% across all major markets. The decline from the peak value has reached 5.2% at the 5-city aggregate level, suggesting it could surpass the record decline of 2017-19 by the end of the year. This weekend, 1,615 homes are scheduled for auction, up 12.9% from last week but still 32.8% below the 2,402 auctions held in the same period last year. Despite the spring selling season starting, auction volumes remain well below last year's levels.",
  "summary": "Australia’s auction market has seen no spring bounce, with last weekend’s final clearance rate remaining below 50% at the combined capital city level, while volumes tracked nearly one-third behind last year’s. The national final auction clearance rate came in at 49.3% for the week ending 6 September, marking the 14th week in the past 15 The post No spring bounce for Australia’s auction market…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}