According to Domain data published on September 13, 2026, Melbourne’s preliminary auction clearance rate ticked higher than 60 per cent for the first time since before the May budget, reaching 63 per cent across 533 reported results from 768 scheduled auctions.
Northcote Bungalow Sells for $3.4 Million After Knockout Bid
An updated Californian bungalow at 83 Mitchell Street in Northcote sold for $3.4 million on Saturday, following a $49,000 final bid from a young family upsizing from Fitzroy North, according to Jellis Craig Northcote agent and auctioneer Sam Rigopoulous. The four-bedroom property, featuring a 1920s front restored in 2011 and a contemporary open-plan rear, opened for bidding at $3.1 million—$100,000 below its $3.2 million to $3.4 million guide. Four active bidders pushed the price past the $3.25 million reserve before the winning bid settled the sale. Rigopoulous noted that vendors setting realistic reserves are helping generate competitive bidding and occasional heat in the current market.
Did you know? According to Domain’s weekly tracking, 68 scheduled auctions were withdrawn across Melbourne during the same week, with withdrawals automatically counted as unsold properties in the final clearance rate calculations.
Albert Park Heritage Terrace Passes In at $7.7 Million
In Albert Park, a four-bedroom, two-storey terrace at 50 St Vincent Place North failed to sell at auction on Saturday, passing in on a sole vendor bid of $7.7 million, according to Marshall White Port Phillip agent and auctioneer Greg Hocking. Built around 1880 and positioned opposite St Vincent Gardens, the property carried a price guide of $7.5 million to $8 million and an $8,095,000 reserve. Despite three interested parties attending, no other bids were placed during the auction. Hocking stated that the top end of the Albert Park market continues to perform well due to limited supply and expects the property to sell as a private listing within the week.
Bentleigh East Townhouse Misses at Auction
A newly constructed four-bedroom townhouse at 5B Caleb Street in Bentleigh East passed in on a vendor bid of $1.47 million on Saturday, according to Woodards Carnegie and Bentleigh agent and auctioneer Ben Quigley. The property opened with a genuine bid of $1.45 million against a price guide of $1.45 million to $1.5 million and a reserve of $1.51 million. Quigley reported that sole bidders offered $1,475,000 during post-auction negotiations and indicated the duplex home would likely sell by Monday, noting strong prior sales activity for the adjoining property.
Frequently Asked Questions
What is Melbourne’s preliminary auction clearance rate?
According to Domain, Melbourne’s preliminary clearance rate reached 63 per cent from 533 reported results out of 768 scheduled auctions for the week ending September 13, 2026.
Why do withdrawn auctions impact clearance rates?
Domain counts withdrawn auctions as unsold properties when calculating the overall preliminary clearance rate.
How are vendor bids used in Victorian auctions?
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