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Kooky
Builder of Shaka, the payment router that pays every agent their commission on closing date.
About Kooky and Shaka →Brisbane closed June with a better auction week than the one before it, and still the weakest result in the country. Cotality's preliminary figures, released on Monday 29 June, show that 39.3 per cent of the city's reported auctions in the week ending 28 June had a successful outcome, from 139 homes taken to market.
That is 6.0 percentage points above the previous week's early reading of 33.3 per cent. Cotality notes it was nonetheless the lowest preliminary clearance rate of any capital city.
The last full week of the month
Of the 139 auctions, Cotality had collected 117 results by Monday. Forty-six were sales and 71 were not. Twenty-two had yet to report. Volume was 3.5 per cent lower than the week before and 1.4 per cent lower than in the same week of 2025, when 141 Brisbane auctions were held.
Brisbane and Adelaide both lifted the national figure, Cotality says. The combined capitals' preliminary clearance rate rose to 49.2 per cent from 47.4 per cent, with 673 sales among 1,368 results from 1,771 auctions. It is the second week running under 50 per cent.
Withdrawals eased slightly. About 21.5 per cent of scheduled capital city auctions were withdrawn before the day, down from 23.6 per cent a week earlier. That is still more than one in five.
How the capitals ranked
The margin at the bottom of the table was thin. Canberra, with 38 results from 47 auctions, finished two tenths of a point above Brisbane.
Source: Cotality, preliminary results released 29 June 2026. Perth held 13 auctions, too few for a rate, and Tasmania held none.
Adelaide stands apart. Its 68.7 per cent, from 46 sales among 67 results, followed an early 40.0 per cent the week before, and its 115 auctions were about 28 per cent more than in the same week a year earlier. A swing of that size in a single week says as much about the volatility of a market with around a hundred auctions as it does about demand.
Related readBrisbane opens winter with 201 auctions and fewer than half sellingThe two largest markets were close to their weakest levels of this cycle. Cotality's headline describes Sydney and Melbourne as holding at COVID lows. Sydney's 47.3 per cent, a tenth of a point below the previous week, is its weakest early result since the week ending 19 April 2020. Melbourne's 50.2 per cent, down from 50.6 per cent, is its softest since early September 2021.
June in four weeks
Set side by side, Brisbane's four June weeks show how little the level changed, and how much the weekly reading moved around it.
| Week ending | Auctions, early count | Preliminary rate | Final rate |
|---|---|---|---|
| 7 June | 138 | 31.9% | 34.1% |
| 14 June | 144 | 42.0% | 39.4% |
| 21 June | 142 | 33.3% | 35.4% |
| 28 June | 139 | 39.3% | Due 2 July |
Source: Cotality preliminary releases (8, 15, 22 and 29 June 2026) and final releases. Final auction counts differ slightly from the early ones.
The four early readings average 36.6 per cent. None reached 50 per cent, and the three final rates published so far all sit between 34 and 40 per cent.
Counting homes instead of averaging rates gives nearly the same answer. Across the four Monday releases, Cotality had results for 431 Brisbane auctions and 159 of them were sales, which is 36.9 per cent. In the three weeks with final figures, 153 of 421 auctions sold, or 36.3 per cent.
Two things stand out. The first is that the number of auctions barely moved, staying between 138 and 144. After the sharp drop at the start of the month, from 201 in the last week of May, sellers kept booking at an even pace.
The second is that the first reading of the week has not been a reliable guide to the direction of the final one. In two of the three completed weeks the final rate came in above the preliminary figure, and in the other it came in below. The changes were small each time, between two and three points.
Related readBrisbane's early auction result drops to 23.8 per centThe other side of a clearance rate is the share of homes that did not sell, and June's releases give a few fixed points for it. In the week ending 7 June, Cotality put Brisbane's pass-in rate at 56.3 per cent, the highest of any capital. In the week ending 21 June, 93 of the city's 144 auctions were either passed in or withdrawn. Nationally, the comparable share that week was 57.7 per cent, so by the third week of the month the rest of the country had moved much closer to where Brisbane had been since the start of it.
The coasts over the same month
Cotality's Monday summaries also carry the Gold Coast and the Sunshine Coast, and their June ran differently from Brisbane's and from each other's.
The Gold Coast held 51 auctions last week. Twelve of the 39 results collected were sales, an early clearance rate of 30.8 per cent. Its four early readings for June were 33.3, 36.8, 23.5 and 30.8 per cent, and its three final rates so far were 32.0, 31.5 and 23.3 per cent. At no point in the month did it reach Brisbane's better weeks.
The Sunshine Coast held 26 auctions and recorded 54.2 per cent, from 13 sales among 24 results. That is the only early reading above 50 per cent in any of the three south-east Queensland markets during June. Its earlier readings were 44.4, 38.5 and 44.4 per cent. With so few auctions, each sale is worth about four points, so the figure deserves caution, but the Sunshine Coast finished the month ahead of both larger markets on every Monday count except one.
Related readFrom 23.8 to 43 per cent: Brisbane's auction rate rebounds in a weekWhere that leaves the month nationally
Cotality's wider commentary is more cautious about the country as a whole than the small rise in the early rate might suggest. It says the gap between preliminary and final results has averaged 5.0 percentage points over the past four weeks, and on that basis expects the combined capitals' final rate for last week to settle in the low 40s again.
Capital city rates have been revised down every week of late
The combined capitals' early rate became a final rate between 3.8 and 5.7 points lower in each of the past four weeks, Cotality's releases show. The previous week's early 47.4 per cent finished at 42.3 per cent, the lowest final result since the week ending 26 April 2020.
Brisbane has not followed that pattern closely. Its revisions in June went both ways and were about half the size of the national ones. Three weeks is too short a record to say whether that difference will last.
The firm also notes that sellers appear to be holding off on listing in response to persistently weak clearance rates. Volumes across the capitals have run below last year's level for several weeks. Brisbane's 1.4 per cent shortfall on a year ago is small beside the national one: the 1,771 capital city auctions were 13.4 per cent fewer than in the same week of 2025. Melbourne's 815 were 15.3 per cent fewer and Sydney's 642 were 16.7 per cent fewer.
The month also brought the Reserve Bank's first pause of the year. The board left the cash rate at 4.35 per cent on 16 June after three rises, and its statement noted that housing prices were falling in some capital cities. The two Brisbane auction weeks reported since then have produced one weaker early reading and one stronger one, which is too little to attribute anything to the decision.
Household confidence was low going into the month. The Westpac-Melbourne Institute consumer sentiment index, surveyed in the first week of June, fell 2.9 per cent to 80.6, and its house price expectations measure fell 14.9 per cent, with the Queensland component down 15 per cent to 141. Cotality cited the survey in its release of 11 June when explaining why bidders were holding back. The July survey has not yet been published.
What the June figures cover
The numbers describe auctions alone. Most Queensland homes are sold by private treaty and do not appear in them, and a clearance rate carries no information about the prices paid.
They are also built to change. Cotality counts a home sold before, at or after auction as sold, against every known result including passed-in and withdrawn auctions. A property passed in on a Saturday and sold the following week moves from one column to the other. Queensland's rules allow for exactly that: the state government's guidance for sellers says an owner whose reserve is not met need not sell and may negotiate with interested bidders afterwards.
Read with those limits, June's record is consistent. Around 140 Brisbane homes went to auction each week, and a little over a third of them are known to have sold.
Around 1,800 capital city auctions are scheduled this week, Cotality says, before volume eases to roughly 1,540 the week after. The final clearance rates for the week ending 28 June are due on Thursday 2 July.
Kooky, from Shaka
Kooky edits Queensland Estate and builds Shaka, the payment router he made for Queensland property professionals. One payment comes in, and every agent, agency and party in the deal receives their signed share on closing date.
