Brisbane’s real estate agents are encouraging buyers to take advantage of low competition at auctions, as clearance rates continue to tank across the housing market.
REA Group data has found Queensland’s preliminary clearance rate for last week once again sat at 30 per cent – with only 73 of 242 homes sold at, before or after auction.
Meanwhile, Cotality data has placed Brisbane’s clearance rate at 23.8 per cent, a low not seen since 2020.
10 Majestic Pl, Runcorn – one of few homes sold across Brisbane over the weekend, with a clearance rate for the city at under 24 per cent.
Ray White Rochedale agent Benny Liu, who sold two homes over the auction weekend, said this was a chance for future homeowners to find property in their price range while the market had stalled.
“It’s definitely a better time to buy than before,” he said. “A few months ago, they’d have to go through a lot more competition.”
One of the most popular auctions over the weekend was for 10 Majestic Pl, Runcorn: a six-bedroom, three-bathroom home that gathered nine registered bidders.
The property sold for $1.903m, thanks to being a sizeable family home that attracted nine registered bidders.
The property was last sold for just under $1.6m, bought less than three years ago by its vendors, who needed to sell for an interstate move.
The 620 sqm home managed to attract five active bidders, who went into a furious bidding war after a starting offer of $1.4m.
“The bidding was very competitive when we got to $1.7m,” Mr Liu said. “Towards the end when we knocked the hammer down, the bidding was down to about $500 [an offer].”
The vendors were surprised to see the home sell for $1.903m, sold under the hammer to a young family looking to upgrade.
The house at 15 Beechal St, Runcorn, sold for less than $40,000 more than what it was purchased for in 2025.
Meanwhile, the Runcorn home at 15 Beechal St found five active bidders, when its owner-occupier decided to sell after around a year in the property.
Offers for the home started at around $850m, soon going past $1m between three active bidders.
The home was finally sold for $1.089m to a first-home buyer – a little less than $40,000 above what it was purchased for in 2025.
Bought in 2025 for $1.05m, the house sold over the weekend for $1.089m, after an auction between three active bidders.
Mr Liu said the best market for a sure sale in today’s market was a ready-made family home, which remained in high demand.
“A well-presented owner-occupier sort of home still attracts buyers, because of a shortage of supply at the moment,” he said.
Another family home that performed well over the weekend was a six-bedroom house in Calamvale, which attracted eight registered bidders.
The six-bedroom house at 29 Aster Pl, Calamvale, sold for $1.85m after an auction with eight registered bidders – a large turnout for a week when 169 homes did not sell.
The property at 29 Aster Pl saw a crowd of more than 50 people gather for the battle over the property, which saw 20 bids traded with raises of $10,000 at a time.
Place Forest Lake agent Stephanie Tran said the home sold for $1.85m to a local family, which was a good result for the suburb.
“Six months ago, I believe this property would have achieved an even higher price,” she said, “but we’re now seeing buyers become much more cautious after the federal budget.”
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