The property market may not be booming, but it continues to show steady confidence.
February delivered strong auction activity, with 290 auctions conducted, up from 263 in February last year, and an overall 65% clearance rate. In the Eastern Suburbs, performance was slightly stronger with a 70% clearance rate. Auctions also averaged 3.4 registered bidders and around 14 bids per campaign.
Despite the recent interest rate rise and ongoing political tensions, there has been little noticeable impact on buyer participation. Buyers remain active, while listing volumes are increasing as more properties enter the market ahead of the Easter period.
However, buyers are becoming more selective compared to late 2025. This means accurate pricing and well-executed marketing campaigns are more important than ever.
Overall, the market still leans slightly in favour of property owners — particularly when campaigns are managed strategically. While it’s not a runaway market, it remains a strategic one where preparation and pricing discipline are key to achieving strong results.