Last week’s residential auctions in Canberra achieved a clearance rate of 63%, an increase from the 58% recorded in the same period of 2025, based on early figures. This rise indicates stronger buyer interest in the national capital, though participation varied significantly between different suburbs.

Between October 11 and October 17, 67 auctions were scheduled, with 52 proceeding as planned. Of those, buyers purchased 33 properties, while 10 were withdrawn and 9 failed to secure a bid. The total value of sales reached $16,027,800, with a median price of $830,000—identical to the week’s top sale, a three-bedroom home in Gungahlin sold for that exact amount.

A $1.86 million four-bedroom house in Manuka was among the highest-value transactions. The withdrawn listings frequently included four-bedroom homes, signaling that mid-range buyers faced pricing constraints.

Rescheduled auctions and withdrawn listings, particularly for four-bedroom homes, highlight ongoing difficulties for sellers attempting to price properties above local market expectations. The overall trend reflects cautious optimism, as clearance rates still fall short of peak levels.

No significant changes in suburb performance were noted, though Manuka and Woden saw the highest-value transactions.