Melbourne winter auction market slumps as 500 listings vanish

Melbourne’s auction market has lost hundreds of sales compared to last winter in the aftermath of the Albanese government’s May budget. Melbourne’s auction market has shed almost 450 winter auctions compared to a year ago and will top the 500 mark this weekend. This weekend PropTrack has recorded just 682 auctions scheduled across the city, down 81 and about 12 per cent from a year ago. Next week, as the final month of the winter property market begins, 590 homes are tipped to test the market — down 23 per cent from the equivalent week in 2025. RELATED: Pet and car questions could cost Vic landlords $62k Bulldog Marcus Bontempelli’s $2.6m+ move after baby reveal Made in China: flatpack homes built in Melb in 20 days Plunging prices and clearance rates across the city, along with a hit to buyer demand following the Albanese government’s May budget changes to tax benefits for property investors, are believed to be behind the drop off. At this point it is the weakest winter for auction numbers since 2023 according to PropTrack senior economist Angus Moore. “And that will continue for at least a few months, given there’s a good chance for another rate hike,” Mr Moore said. PropTrack ec...