Victorian buyers flock to auctions despite fresh interest rate pain


Victoria’s property market is defying this month’s interest-rate rise with buyer numbers rising in the following weeks, compared to the same time a year ago.

Data from Australia’s largest real estate company, Ray White, shows an average 3.4 registered bidders at auctions across the state in February’s first two weeks – higher than the average 3.1 figure from the same period for 2025.

There were also typically 2.6 active bidders at each auction in both time frames, despite the Reserve Bank raising rates to 3.85 per cent after its meeting on February 3 this year.