Wollongong Auction Clearance Rates Hit 48%

Wollongong auction clearance rates fell to 48 percent in the June quarter of 2026, the lowest level recorded since late 2022.

The drop arrives as the New South Wales median house price sits near 860000 dollars and Sydney buyers continue to test coastal markets north and south of the harbour. Lower clearance numbers typically mean more properties pass in, giving buyers extra room to negotiate and lengthening days on market for vendors who need a quick sale.

Thirroul and Fairy Meadow Results

Four of the nine auctions held in Thirroul last month passed in, including a four-bedroom home on Seaforth Avenue that failed to meet its 1.65 million dollar reserve. In Fairy Meadow, a three-bedroom weatherboard on Cabbage Tree Lane sold under the hammer for 925000 dollars after two rounds of bidding, yet the clearance rate for the suburb overall slipped below 50 percent. Wollongong City Council’s ongoing CBD renewal works around Crown Street have lifted foot traffic, yet auction volumes in the central precinct remain light as investors wait for clearer interest-rate signals.

Numbers Behind the Trend

CoreLogic data released on 9 July 2026 showed Wollongong’s median dwelling price at 895000 dollars, up 3.4 percent from the same month last year but with quarterly growth now flat. Across 37 scheduled auctions in the local government area during June, only 18 properties found buyers on the day. The pattern matches the broader NSW trend where clearance rates have eased from 61 percent twelve months earlier.

Sellers planning an August campaign should set realistic reserves and consider pre-auction offers, while buyers can target properties that passed in at recent Thirroul and Fairy Meadow sales. Local agents report increased private-treaty activity on streets such as Harbour Street and Gipps Road as both sides adjust to the slower clearance environment.