Aug 9, 2026 – 2.18pmMelbourne emerged as an unlikely frontrunner in the national auction market with the Victorian capital’s early clearance rate climbing above 60 per cent last week. Buyers were buoyed by softening prices, improved rental yields and hopes the upcoming state election will lift confidence in the economy.Australia’s largest auction market led a lift in national clearance figures, which reached an 11-week high based on early figures from data house Cotality. Nationally 55.1 per cent of capital city homes cleared, up from 53.6 per cent the week before.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Auction clearance rates hit 11-week high, but prices track south
While capital city house prices continue their decline, Melbourne’s clearance rate revealed green shoots as buyers are drawn to improved yields and affordability
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