Why some homes are still seeing huge auctions despite low clearance rates

Queensland’s home auctions have had their lowest clearance rate since June and the second-lowest since 2020, continuing a nine-week streak of poor turnout for the Sunshine State. Preliminary REA data has found Queensland’s latest clearance rate to be 25 per cent, compared to a 47 per cent clearance rate this time last year. The capital of Brisbane was one per cent lower at 24 per cent, compared to a 49 per cent clearance rate this time in 2025. Queensland’s home auctions recorded their second-lowest clearance rate since 2020 over the weekend, and the lowest since June of this year. The number is a sharp difference to the national clearance rate of 63 per cent, along with Ray White’s national clearance rate of 53 per cent. Price Buyers Agents director Glenn Price said these figures marked a “property recession”, and said the Reserve Bank of Australia’s upcoming decision on interest rates would likely not fix these concerns. “This weekend I went to seven properties, all between $950k and $1.1m – the kind of price point that used to have buyers lining up like it was free drinks at a nightclub,” he said. “At more than half of them, I was the only one there … that’s not a slow market. T...