Spring listings have rebounded across Sydney and clearance rates hold above 70 per cent. Here is the suburb-by-suburb picture for October auctions.
Property Desk is a contributing writer covering property and public affairs for The Sydney Times.
Sydney's spring selling season has opened at full volume, with clearance rates holding above 70 per cent and the auction calendar at its spring peak. The September quarter cleared at 72 per cent, up from 68 per cent in June, and the first three October weekends have matched that pace.
The numbers point to a seller's market in the metro's middle ring and a cautious one at the prestige end, where clearance rates sit six to ten points lower than the city average.
The first three October weekends drew 980, 1,140 and 1,205 scheduled auctions across the metro, according to Domain and REA Group listing data, the heaviest spring calendar in three years. Results through the same period:
| Weekend | Scheduled auctions | Clearance rate | |---------|--------------------|----------------| | 3 to 4 October | 980 | 71.2% | | 10 to 11 October | 1,140 | 72.8% | | 17 to 18 October | 1,205 | 70.9% |
The September quarter's clearance rate of 72 per cent compares with 68 per cent in the June quarter and 64 per cent a year ago, according to CoreLogic data.
New listings jumped 18 per cent in the first two weeks of October against the September monthly average, SQM Research data shows, ending a winter in which total listings fell to 28,400, down 9 per cent in the quarter and 12 per cent year on year.
That scarcity is the spring market's engine. Median days on market sit at 28, down from 34 in June, and registered bidder numbers per auction are running above the five-year average in every metro region except the Lower North Shore.
The metro corridor suburbs are clearing at the highest rates in the city, with the five strongest markets all sitting on or near a metro station:
| Suburb | Clearance rate | Median house | Q3 growth | |--------|----------------|--------------|-----------| | Parramatta | 78% | $1.68M | +6.8% | | Bankstown | 76% | $1.32M | +6.2% | | Canterbury | 75% | $1.58M | +5.9% | | Liverpool | 74% | $1.18M | +5.1% | | Blacktown | 73% | $1.08M | +4.9% |
At the prestige end, the picture inverts. Mosman cleared 58 per cent of spring auctions with a median of $4.32M, still 11 per cent below its 2022 peak. Vaucluse cleared 55 per cent and Double Bay 57 per cent, both weighed by unit oversupply and low turnover.
Metro corridors have outperformed non-metro suburbs by 2.3 times this year, and the clearance data shows why: transport-linked growth areas combine first-home buyer demand with investor yield, and both cohorts bid on auction day.
The Bankstown corridor's spring has been given a further push by the Sydney Metro Southwest extension, which opened on 6 October and has lifted buyer confidence across the line's five stations.
The Property & Suburbs desk's spring suburb recovery breakdown separates the 14 LGAs at record medians from the five still below their 2022 peaks.
First-home buyers under $800,000 still have options in Liverpool, Campbelltown, Blacktown and Penrith, where house and land packages compete with established stock. Upgraders face the tighter end: total listings are 12 per cent below last year, and the best-corridor homes are selling inside three weeks.
The RBA's 3 November rate decision is the swing factor for the rest of spring. A cut would bring front-running buyers back to the market; a hold would extend the current steady clearing pattern.
CoreLogic Hedonic Home Value Index
The November clearance data lands on 2 November, the day before the Reserve Bank board meets, and it will show whether spring's 70 per cent floor held through the final weekends.
Direct inquiries, corrections, or documentation concerning this dispatch to our editorial newsroom desk.
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