Place completed 233 contracts across Brisbane in May — a combined sales value of $401 million in a single month.
May delivered strong numbers across the board. With auction volumes up significantly in April, the results reflect a market where there are still plenty of active buyers with genuine reasons to act and where well-presented properties continue to attract real competition.
Auctions: 57% clearance rate across 119 campaigns
Place ran 119 auction campaigns in May, with 54 properties selling on or before auction day and a further 10 selling after auction day, delivering a 57% clearance rate. To put that in context, Brisbane-wide clearance rates tracked by Domain ranged between 22% and 37% from week-to-week across May. Place's result is well above that market average, reflecting the depth of buyer engagement our agents are seeing across Brisbane's inner and middle-ring suburbs. The top sale price for the month reached $5 million, reinforcing the continued strength of Brisbane's prestige market.
Off-market: buyers are looking before properties hit the market
Demand through Only on ePlace, our exclusive off-market platform, remains significant. More than 26,247 buyers subscribe to our weekly off-market alert service, and the platform is generating an average of 97,230 unique visits per month from buyers who are actively searching, not just browsing. For vendors, that represents a pool of motivated, ready buyers who can be activated before a property ever reaches the real estate portals.
What this means for Brisbane sellers
May's results are a reminder that the right property, positioned well, will find its buyer. With $401 million in contracts exchanged across a single month and auction clearance well above the city average, the conditions heading into June remain solid for vendors prepared to move. If you've been considering listing, the buyer demand is there.
To speak with a Place agent about your property, contact your nearest office or request a free appraisal at eplace.com.au via the button below.