# Australian property auction market activity

> Live situation record from CLSTR: https://clstr.news/situations/australian-property-auction-market-activity
> Updated: 2026-09-18T19:05:00.000Z. Sources: 5. Developments: 2.

Recent Australian property auctions have featured several multi-million dollar sales across various regions. In Sydney, a semi-detached house in Coogee sold for $2.5 million, exceeding its guided range, while a three-bedroom apartment in Cremorne reached $3.5 million.

Subsequent auction activity included a $4.5 million beachfront sale in South Brighton and a $4.2 million terrace sale in Glebe. In Balgowlah, a property sold for $4 million after the vendor accepted a bid from registered bidders, despite a higher counteroffer from an unregistered party and a reserve price of $4,050,000.

## Claims

- A vendor in Balgowlah accepted a $4 million bid from registered bidders, rejecting a higher counteroffer of $4,020,000 from an unregistered party. (corroborated by 3 sources)
- The Balgowlah property had a price guide of $3.8 million and a reserve of $4,050,000. (corroborated by 3 sources)
- A four-bedroom terrace in Glebe's Toxteth Estate sold for $4.2 million following a single bid. (corroborated by 3 sources)
- The expected sale price for the South Brighton property was between $3.5 million and $4 million. (single source)
- The new owner of the South Brighton property is expected to demolish the existing home and rebuild a larger residence. (single source)
- The South Brighton beachfront property sold for $4.5 million. (single source)
- The Animal Welfare League of South Australia is a beneficiary of the late owner’s estate from the South Brighton sale. (single source)

## Timeline

### 2026-09-18: Australian property auctions see multi-million dollar sales

High-value property auctions in Australia saw a South Brighton beachfront home sell for $4.5 million, while a Balgowlah vendor accepted a $4 million bid over a higher unregistered offer.

5 sources. https://clstr.news/cluster/australian-property-auctions-see-multi-million-dollar-sales

### 2026-09-07: Sydney property auctions see Coogee semi sell for $2.5 million

A Coogee semi-detached house sold for $2.5 million at auction, contributing to a 57 per cent preliminary auction clearance rate in Sydney last week.

2 sources. https://clstr.news/cluster/sydney-property-auctions-see-coogee-semi-sell-for-25-million

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Cite as: Australian property auction market activity. CLSTR, https://clstr.news/situations/australian-property-auction-market-activity