Australia just saw one of the busiest auction weekends of the year. With nearly 2,700 properties going under the hammer, this “Super Saturday” was a standout.
Unsurprisingly, cities like Sydney and Melbourne led the charge, with high demand and competitive bidding.
In this article, we’ll take a look at the auction results. We’ll explore the top-selling suburbs, the biggest sales, and the top real estate agencies involved.
Record-Breaking Auction Numbers This September
This weekend had 2,697 auctions across the major cities. Melbourne hosted the most, with 1,274 auctions, followed by Sydney with 995.
Other cities, like Brisbane, Adelaide, and Canberra, saw smaller but still important volumes. Meanwhile, Perth and Tasmania had fewer auctions.
| Region | Results Collected So Far | Last Week Prelim | Same Time Last Year | Number of Auctions (Last Week) | Number of Auctions (Previous Week) | Number of Auctions (Same Time Last Year) |
| Sydney | 713 | 70.30% | 70% | 995 | 872 | 1,017 |
| Melbourne | 925 | 68.30% | 63.9% | 1,274 | 1,164 | 1,092 |
| Brisbane | 95 | 56.80% | 61.3% | 134 | 176 | 236 |
| Adelaide | 114 | 74.60% | 73.3% | 206 | 155 | 176 |
| Perth | 7 | n.a. | 31.6% | 16 | 15 | 19 |
| Tasmania | 1 | n.a. | n.a. | 1 | 1 | 1 |
| Canberra | 37 | 48.60% | 57.90% | 71 | 71 | 107 |
| Combined Capitals | 1,892 | 68.20% | 66.10% | 2,697 | 2,457 | 2,648 |
Sydney had a strong clearance rate at 70.3%, while Adelaide topped the weekend with 74.6%. However, Brisbane and Perth saw lower clearance rates.
Number of Properties For Auction Last Week
Auction Clearance Rates Last Week
Sydney had a 70.3% clearance rate, while Melbourne came in just below at 68.3%. Brisbane saw a much lower clearance rate of 56.8%, and Perth struggled with just 28.6% of properties selling.
On the other hand, Adelaide performed well with the highest clearance rate of 74.6%, showing strong buyer interest.
Top 5 Most Expensive Property Sales Across States
Some properties on Soho sold for impressive prices over the weekend. Here are some the top sales from each capital city:
| Sold Price | Address | Size | Property Type | Agent Name | Agency Name |
| $3,700,000 | 72 Cassia Street, Dee Why, NSW, 2099 | 4BR 3B 3C | House | Graham Bennett | Ray White Freshwater |
| $1,420,000 | 3/19 Barcelona Street, Box Hill, VIC, 3128 | 3BR 2B 2C | House | Julian Badenach | Woodards Blackburn |
| $1,300,000 | 13 Warwick Avenue, Kurralta Park, SA, 5037 | 3BR 1B 2C | House | Lyn Sagarino | Belle Property Adelaide City |
| $810,000 | 2/18 First Avenue, Broadbeach, QLD, 4218 | 2BR 2B 1C | Apartment | Scott McIntyre | Amir Prestige Southport |
| $750,000 | 73 Twamley Crescent, Richardson, ACT, 2905 | 3BR 2B 1C | House | Brett Hayman | Hayman Partners |
One of most expensive properties sold at auction last week was a home in Paddington, NSW, for an undisclosed price. High prices like this show how competitive the Sydney market remains.
Best-Performing Suburbs
Certain suburbs stood out this weekend. In Sydney, Epping was a hot spot, with 8 homes sold at auction just last week, reflecting continued demand in the area.
Over in Melbourne, Wollert and the every-popular Brunswick in Melbourne saw strong interest as well.
While Sydney and Melbourne led in auction volumes, Weston Creek, ACT stood out with an 88.5% clearance rate, making it the top-performing auction region in August.
This figure represents a 15.7% year-on-year increase, driven by high demand for family homes in the area.
Weston Creek offers value for buyers priced out of nearby regions like Woden Valley. The combination of well-priced homes and limited stock has resulted in consistently high clearance rates.
| City | Top Suburb | No. Properties Sold at Auction | Clearance Rate |
|---|---|---|---|
| Sydney | Epping | 8 | 70.3% |
| Melbourne | Wollert, Brunswick | 7 | 68.3% |
| Brisbane | Upper Mount Gravatt | 3 | 56.8% |
Top Agencies Driving Sales on Soho
Top real estate agencies played a key role in this weekend’s auction success. Here are the top-performing agencies on Soho in each state, including their total sales value for the week between 16-22 September:
| State | Agency Name | Total Sold Value ($) |
| New South Wales | Belle Property Strathfield | Homebush | $6,625,000 |
| Victoria | Biggin Scott Glen Waverley | $3,698,000 |
| Western Australia | The Agency – Perth | $1,840,000 |
| South Australia | Ray White Henley Beach | $1,180,000 |
| Queensland | Ipswich Real Estate | $1,040,000 |
| Australian Capital Territory | Hayman Partners | $715,000 |
What This Weekend Means for the Market
This weekend’s auction results show a positive outlook for the Australian property market, especially in Sydney, Melbourne, and Adelaide. Demand remains high in these cities, but Brisbane and Perth are seeing slower markets.
Looking ahead, auction volumes are expected to stay high as we move into the last quarter of 2024.
Buyers should be prepared for ongoing competition, especially in top-performing suburbs like Epping. Meanwhile, sellers in Brisbane and Perth might need to adjust their expectations.
Check out Soho’s past articles on Super Saturday
28 October 2023 Super Saturday
