
While the Australasian yearling sales market fared better than expected in 2025, data reveals investment from one of Australia’s biggest jurisdictions has plummeted by more than 17 per cent. Run The Numbers breaks down the market by buyer location.

The success of the recently completed Australian Easter Yearling Sale left a sunny feeling across the bloodstock market, with a record average and overall spending all but matching last year’s numbers.
But a dive into where the money was spent reveals that it was a cautious level of investment from Australia’s two largest racing jurisdictions. NSW buyers spent $6.1 million less on 13 fewer horses, while Victorian buyers cut their spend by $5.15 million less, securing 14 fewer horses.
It was burgeoning international investment which kept the Easter sale on par with last year’s numbers, with an additional $15 million invested from overseas compared to what was spent in 2024.
While buyer location data does need to be taken with a grain of salt, given it is not always a true reflection of where the investment is coming from, the Easter data does follow a trend, particularly from Victorian buyers through the yearling sales season.
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