# Gold Coast auctions: fewer than one in four sells in mid-June week

Ten of the 43 Gold Coast auctions held in the week ending 21 June ended in a sale, Cotality's final figures show, while Brisbane cleared under 40 per cent for a fourth week.

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Ten of the 43 homes taken to auction on the Gold Coast in the week ending 21 June were sold, a final clearance rate of 23.3 per cent, according to figures Cotality published on Thursday 25 June. The other 33 were passed in or withdrawn.

In Brisbane, 144 homes went to auction and 51 sold, a final clearance rate of 35.4 per cent. Cotality notes it is the fourth consecutive week in which the city has cleared below 40 per cent.

## The Gold Coast's weakest week of the month

The Gold Coast is Queensland's second auction market, and its June results have drifted lower. In the week ending 7 June, 16 of 50 auctions sold, a final rate of 32.0 per cent. Two weeks later the rate is 8.7 percentage points lower on a slightly smaller number of auctions.

The sample is modest. With 43 auctions, each additional sale moves the rate by a little over two points, so three or four more sales would have put the week back near its early-June level. The direction is still clear enough to report: fewer than one auction in four produced a sale.

Late results did nothing to change the picture. On Monday, Cotality's preliminary summary had the Gold Coast at 23.5 per cent, from eight sales among 34 results. Nine further results brought two more sales, and the rate barely moved.

The Sunshine Coast was steadier. Thirteen of its 30 auctions sold, a final clearance rate of 43.3 per cent, almost the same as the 43.5 per cent recorded in the week ending 7 June and close to Monday's early 44.4 per cent.

## Three weeks on the two coasts

Cotality's Thursday releases carry a row for each coast, which makes it possible to line up the three June weeks reported so far.

<figure class="fig"><figcaption><b>Gold Coast and Sunshine Coast, final results in June 2026</b><span>Homes sold out of auctions held, and clearance rate</span></figcaption>
<div class="scroll"><table class="tbl">
<thead><tr><th>Week ending</th><th>Gold Coast</th><th>Sunshine Coast</th></tr></thead>
<tbody>
<tr><td>7 June</td><td>16 of 50 (32.0%)</td><td>10 of 23 (43.5%)</td></tr>
<tr><td>14 June</td><td>17 of 54 (31.5%)</td><td>9 of 26 (34.6%)</td></tr>
<tr><td>21 June</td><td>10 of 43 (23.3%)</td><td>13 of 30 (43.3%)</td></tr>
</tbody>
</table></div>
<p class="src">Source: Cotality final clearance rates published 11, 18 and 25 June 2026.</p></figure>

Added up, the Gold Coast has taken 147 homes to auction in three weeks and sold 43 of them, or 29.3 per cent. The Sunshine Coast has taken 79 and sold 32, or 40.5 per cent. Pooling the weeks in this way smooths out some of the noise in a single reading, and it leaves the Sunshine Coast about 11 points ahead of its larger neighbour.

It also shows how uneven the smaller market is. The Sunshine Coast's weekly rate has moved between 34.6 and 43.5 per cent on a difference of four sales. Nothing in the figures explains the gap between the two coasts, and Cotality offers no commentary on either.

## Brisbane's four weeks under 40 per cent

Brisbane's final rate fell 4.0 percentage points from 39.4 per cent the week before, while the number of auctions rose slightly, from 142 to 144.

<figure class="fig"><figcaption><b>Brisbane final clearance rate, four weeks</b><span>Week ending, per cent</span></figcaption>
<div class="scroll"><svg viewBox="0 0 680 196" role="img" aria-label="Bar chart: Brisbane final auction clearance rate. Week ending 31 May 39.9 per cent, 7 June 34.1, 14 June 39.4, 21 June 35.4.">
<text class="lb" x="176" y="33" text-anchor="end">31 May</text><rect class="bar" x="190" y="14" width="160" height="28" rx="4"/><text class="lb" x="360" y="33">39.9%</text>
<text class="lb" x="176" y="79" text-anchor="end">7 June</text><rect class="bar" x="190" y="60" width="136" height="28" rx="4"/><text class="lb" x="336" y="79">34.1%</text>
<text class="lb" x="176" y="125" text-anchor="end">14 June</text><rect class="bar" x="190" y="106" width="158" height="28" rx="4"/><text class="lb" x="358" y="125">39.4%</text>
<text class="lb" x="176" y="171" text-anchor="end">21 June</text><rect class="bar" x="190" y="152" width="142" height="28" rx="4"/><text class="lb" x="342" y="171">35.4%</text>
</svg></div>
<p class="src">Source: Cotality final clearance rates, published each Thursday. Bars are drawn on a scale of 0 to 100 per cent.</p></figure>

The four readings sit inside a band of less than six points. The pattern is a market that has settled at a low level, with small moves from one week to the next, and not one that is falling further each week.

The final figure also came in above Monday's early count. Cotality's preliminary rate for the same week was 33.3 per cent, from 36 sales among 108 results. Once the remaining 36 results were added, 15 of them sales, the rate finished 2.1 points higher.

Brisbane and the Gold Coast between them held 187 auctions in the week and sold 61. On those numbers the capital, weak as it was, cleared about 12 points more of its auctions than the Gold Coast did.

## A national low for the year

The Queensland numbers belong to the weakest national week of 2026 so far. Cotality reports 1,880 capital city homes went to auction, 10.3 per cent fewer than the week before and 6.2 per cent fewer than the 2,004 held in the same week of 2025. The combined capitals' final clearance rate was 42.3 per cent, down 6.0 points from 48.3 per cent and 5.1 points under Monday's preliminary 47.4 per cent.

The firm says the last time the rate was at this level was the week ending 26 April 2020, when it was 41.1 per cent and the auction market was disrupted by social distancing rules. It adds a longer view: since its auction series began in 2008, clearance rates have been this low in only three earlier periods, during the housing downturns of 2011 and 2018 and at the onset of the pandemic.

Its commentary describes a wide gap between what buyers and sellers expect on price, which is how it reads any result under 50 per cent, and notes that the four-week average has been trending down, a sign that the weakness is broader than one slow week.

Sydney's final rate was 41.7 per cent, down from 47.2 per cent, and Melbourne's 43.6 per cent, down from 51.9 per cent. Two smaller capitals improved while holding fewer auctions: Adelaide rose 2.2 points to 48.4 per cent and Canberra 4.5 points to 41.3 per cent. Brisbane remained the lowest of the capitals with a meaningful sample.

The week was the first full one after the Reserve Bank of Australia left the cash rate target at 4.35 per cent on 16 June, following three increases earlier in the year. The Bank's statement that day observed that momentum in the housing market had shifted, with prices falling in some capital cities, and kept open the possibility of a further rise. A pause in rates has not, in its first week, produced any lift in auction results.

Across the capitals, 1,085 of the 1,880 auctions were either passed in or withdrawn, which is 57.7 per cent. The remaining 795 are the sales behind the 42.3 per cent.

Cotality drew attention to where each kind of unsold result was concentrated. In Sydney, 178 scheduled auctions were taken off before the day, or 27.7 per cent of that city's total. In Melbourne the larger group was auctions that went ahead and stalled: 393 were passed in, or 42.6 per cent.

For Brisbane the release gives the total and the number sold, which leaves 93 homes passed in or withdrawn. It does not split them. In the week ending 7 June, the last for which Cotality published a Brisbane pass-in rate, 56.3 per cent of the city's auctions were passed in.

The distinction matters for what happens next. The Queensland Government's guidance for sellers says an owner whose reserve is not reached at auction does not have to sell and may negotiate with interested bidders. A passed-in home is therefore often still in play that evening, while a withdrawn one has left the auction process altogether.

## Reading a regional rate with care

Three cautions apply to the Queensland figures. They cover auctions only, and most homes in the state are sold by private treaty. They say nothing about the prices achieved. And on the two coasts they rest on a few dozen auctions, which makes any single week a rough measure.

<div class="callout"><span class="mono">Small samples</span><h4>Cotality needs ten results before it publishes a rate</h4>
<p>The firm reports no clearance rate for a market with fewer than 10 results in a week, and says it collects 99 per cent of auction results on average by the time of its final release. Geelong, with six auctions last week, had no published rate. The Gold Coast and Sunshine Coast clear that bar, though not by much.</p>
</div>

A passed-in home is also not an unsold home for long in every case. Cotality counts a property sold after the auction as sold once the result is known, which is one reason final rates differ from early ones.

Other regional markets in the same table show how wide the spread can be at this scale. Newcastle and Lake Macquarie recorded 30.4 per cent from 23 auctions, and the Illawarra 52.9 per cent from 17.

## The week ahead

For the week ending 28 June, Cotality's preview shows Brisbane's auction schedule about 6.3 per cent smaller than the 144 held last week, and roughly 4 per cent below the 141 held in the same week a year earlier.

Nationally about 1,780 auctions are scheduled, 5.3 per cent fewer than last week and 12.0 per cent fewer than a year ago. Melbourne's list is 16.0 per cent shorter than last week's, while Adelaide's is 30.1 per cent longer. The firm expects roughly 1,400 the week after, and says volumes should keep easing over the coming weeks for both seasonal and cyclical reasons.

Cotality's preliminary results for the week ending 28 June are due on Monday 29 June.