Record Listings Push Clearance Rate Down
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Record Listings Push Clearance Rate Down

An unprecedented number of auctions tested buyer depth.

By Kanebridge News
Mon, Dec 13, 2021 10:29amGrey Clock 2 min

The penultimate weekend auction market for 2021 tested the depth of buyers with a record number of listings.

National auction numbers were significantly higher — rising from the previous Saturday’s 3096 to a new weekend record of 3632 — well ahead of the 2078 auctioned over the same weekend last year.

The high volume of auctions sent the national clearance rate down to 75.4% at the weekend — lower than the 76.8% reported the previous weekend and lower than the 78.4% recorded over the same weekend last year.

Sydney’s market recorded a clearance rate of 67.4% — well down on the previous weekend’s 76.6% and significantly lower than the 80.1% recorded over the same weekend last year.

A record 1371 homes were listed for auction on Saturday— well ahead of the previous weekend’s 1189 and higher than the 870 auctioned over the same weekend last year.

Sydney’s median price of $1,707,500 for houses sold at auction at the weekend was higher than the $1,622,500 reported over the previous Saturday and 20.7% higher than the $1,415,000 recorded over the same weekend last year.

In Melbourne, the weekend auction market produced an all-time high number of auctions, breaking recorded for the volume and value of weekend auction sales.

The Victorian capital recorded 1765 homes auctioned at the weekend — well ahead of the 1491 reported over the previous weekend and significantly higher than the 979 auctioned over the same weekend last year.

Despite the surge in listings, Melbourne reported a clearance rate of 70.1% on Saturday – higher than the previous weekend’s 68.5% yet lower than the 73.4% recorded over the same weekend last year.

Melbourne recorded a median price of $1,112,500 for houses sold at auction at the weekend — lower than the $1126,000 recorded over the previous weekend but 7.9% higher than the $1,031,000 recorded over the same weekend last year.

Data powered by Dr Andrew Wilson,


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1. Interiors beyond the primary palette 

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Step inside the world of award-winning interior design duo Juliette Arent and Sarah-Jane Pyke in this, their first compendium of their work. A ‘best of’ over more than 15 years working together, it’s a masterclass in working with colour and pattern as seen through 18 projects from around the country. With a focus on the idea of home as sanctuary, this hefty tome offers insight into the mind of the designer with points on where to find  inspiration, meeting client briefs and the importance of relationships. Thames & Hudson, $120

2 House of Joy

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3. Abigail Ahern Masterclass

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Some design books are beautiful to look at, and that’s it. This is not one of those books. A master of colour and pattern, UK designer Ahern offers a practical foundational guide to beautiful interiors, mixing form with function in her latest book, Masterclass. Find the inspiration you need to create a gorgeous home. HarperCollins, $65  

4. Interiors Now!

Looking for a visual crash course in international design trends with longevity? This is the book for you. Featuring homes across the globe, from New York to Auckland via Avignon, the biggest dilemma for readers is settling on a style. Many of the projects are owned by designers and creatives, lending a dynamic edge to this tome, now in its 40th year. Taschen, $50

5. Home by the Sea 

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For many Australians, the ocean holds an almost hypnotic appeal. Home by the Sea by Natalie Walton lets you imagine, for a little while at least, what it’s like living the dream in a beach shack in Byron Bay. The book tours 18 homes in and around the region and the hinterland owned by artists, designers and makers. With photography by Amelia Fullarton, it champions the good life. Hardie Grant, $60            

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