02/11/2026
October at a Glance!
Residential Clearance Rate: 45%
Commercial Clearance Rate: 41%
Average Number of Registered Bidders: 3
Average Number of Registered Bids: 10
% of Properties with a Vendor Bids Placed: 28.5%
% of Properties Sold Prior to Auction: 13%
% of Properties Sold Above Reserve: 45%
October has presented some challenging conditions across the Auction market, with buyer confidence and market sentiment continuing to be tested. However, despite these challenges, there are still some positive signs across the market, with some great Auction results being achieved and excellent buying opportunities available for those looking to take advantage of current conditions.
Looking ahead, tomorrow’s interest rate announcement will be closely watched, and the outcome may not provide the positive sentiment needed to strengthen conditions for the remainder of the year. However, it is important to recognise that while Days on Market have continued to extend across both the residential and commercial sectors, Auctions continue to deliver less Days on Market. The Auction process creates urgency, encourages competition, and provides vendors with a defined timeframe to achieve a result.
Highest Commercial Sale Price for October
2-4 Bender Drive, Derwent Park, TAS
SOLD $13,375,000
Agency: CBRE Private Wealth
Agents: Yosh Mendis, Matthew Wright, George Wilkinson
Highest Residential Sale Price for October
48 Mermaid Avenue, Maroubra, NSW
SOLD $7,000,000
Agency: raywhite.easternbeaches
Agents: Angus Gorrie, Samuel O’Reilly
