AUCTION RESULTS FAIL TO FIRE UP ACROSS AUSTRALIAN CAPITALS
National clearance rates drop below 60 percent for the first time since August, CoreLogic data shows
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It was a case of ‘one step forward, two steps back’ for auction results over the weekend, as public holidays and sporting events once again impact on real estate markets.
This time, tomorrow’s Melbourne Cup is the most likely dampener on clearance rates, which dropped below 60 percent for the first time since August, head of research at CoreLogic, Tim Lawless says.
Melbourne auction numbers were way down, with only 582 properties on the auction list, compared with 1,163 the previous week. Preliminary data suggests a clearance rate of 60.7 percent for the southern capital, although that figure is likely to be revised downward when all the figures are in.
The results in Sydney were stronger, both in the number of properties listed and those going successfully under the hammer. There were 762 homes put to auction in the Emerald City over the weekend, up from 632 the previous week. Of the data collected from 637 properties, results indicate a clearance rate of 62.3 percent, an improvement of 70 basis points from the previous week.
In the smaller capitals, clearance rates in Adelaide, where 154 properties were listed, continue to outdo the rest, with a 68.2 percent result, based on early data. The busiest of the smaller capitals, Brisbane, saw 218 homes listed for auction, with a clearance rate of 45.7 percent.
Although auction numbers are expected to increase week on week from now on, Mr Lawless points out that they are still considerably lower than this time last year.
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Citizen Kanebridge member Marcel Zalloua delivered a standout result in Tigani Motorsport’s Mercedes-AMG GT3 Evo, backed by Robb Report Australia & New Zealand and Citizen Kanebridge.
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Sydney’s night sky lit up with speed and precision when Tigani Motorsport’s Mercedes-AMG GT3 Evo charged to a second-place finish in the Pro-Am class during Race 1 of the GT World Challenge Australia at Sydney Motorsport Park.
Behind the wheel was entrepreneur and Citizen Kanebridge member Marcel Zalloua, partnered with Supercars regular Thomas Randle in a formidable one-off pairing that impressed from the outset.
The result marks a major milestone for Zalloua, a returning driver with previous success in the Am class, and continues Tigani Motorsport’s strong form in the 2025 season.
Zalloua is part of Citizen Kanebridge, an invitation-only club based in Sydney.
The club curates exclusive events, thought-leadership forums and networking opportunities for high-achieving individuals across investment, innovation and entrepreneurship.
The sleek #44 AMG GT3 Evo also sported a high-end lineup of sponsors, including Robb Report Australia & New Zealand and Citizen Kanebridge, alongside other premium backers — all part of a strategy to align the vehicle with luxury, performance and lifestyle excellence.
Race 1 saw the Zalloua-Randle duo execute a clean, strategic drive to claim the podium, with the car showing strong pace under lights.
Although Race 2 proved more challenging with a ninth-place finish in class, their combined effort across the weekend delivered valuable points to Tigani Motorsport’s championship campaign.
Tigani Motorsport continues to cement itself as a serious contender in the GT racing scene, with smart driver pairings, high-calibre partnerships, and a commitment to performance both on and off the track.
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