June 18, 2026

The King’s Birthday long weekend slowdown was somewhat reversed in Australia’s auction market, although overall conditions in this Australian Property Market Update 2026 are still quite favourable to buyers. Melbourne had a preliminary clearance rate of about 55.1% from 503 auctions, up from 47.8% the previous week, while Sydney stayed in the low-to-mid 50% range. Clearance rates are still well below the 70%+ levels usually linked to robust seller’s markets, even with the recovery.