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Australia Auction Results

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668All3Sydney CBD21Eastern Suburbs39Upper North Shore6Lower North Shore13Inner West

Australia this week from 15 December to 21 December has 668 auction properties

56%
Clearance rate
668
Auction schedule
367
Sold out
165
Passed in
Auction result collected661
Median sales price$990,000
Sold Average rate$1,109,403
City
Auction schedule
Auction result collected
Sold out
Withdraw
Passed in
Clearance rate
3
3
1
1
1
33%
21
20
13
4
3
65%
39
39
13
15
11
33%
6
6
3
2
1
50%
13
13
6
5
2
46%
17
17
11
6
0
65%
21
21
9
4
5
43%
114
114
63
27
23
55%
55
55
35
4
14
64%
14
14
11
1
2
79%
14
14
10
1
3
71%
20
19
15
2
1
79%
157
155
91
18
39
59%
108
105
65
9
27
62%
4
4
2
1
1
50%
3
3
1
0
2
33%
15
15
7
1
7
47%
14
14
3
2
9
21%
9
9
1
1
7
11%
10
10
4
1
4
40%
11
11
3
4
3
27%
This week, the Australian real estate auction market experienced a cooling period with a decrease in the number of listings, although the clearance rate slightly increased.

A total of 668 properties were scheduled for auction this week, with results collected for 661 properties. Among these, 367 were successfully sold and 165 were passed in, resulting in a clearance rate of 56%. Compared to last week, the number of properties for auction decreased by 1,029 (approximately 60.6%); the number of successful auctions decreased by 559 (approximately 60.3%); the clearance rate increased by 1 percentage point, indicating that the market remains somewhat active under low supply conditions.

Among the major regions, there was a noticeable divergence in performance. The clearance rate in Sydney Central decreased significantly, dropping by 20 percentage points to 33% this week. Sydney East, on the other hand, saw a significant increase with a clearance rate reaching 65%, up by 9 percentage points. Melbourne East also performed well, with this week's clearance rate rising to 64%, an 8 percentage point increase from last week. Clearance rates in various areas of Brisbane generally declined, with Brisbane West and South seeing significant drops of 14 and 9 percentage points, respectively.

In terms of prices, the mainstream transaction price range this week was between $500,000 and $1,000,000, with 150 transactions in this range, accounting for the largest proportion. The highest transaction price was for a property located at 4 MYCUMBENE AV, selling for $4.16 million. The median price for properties sold this week was $990,000, which is a decrease of $70,000 compared to last week. The average transaction price also dropped to $1,109,403, indicating a market preference towards lower-priced properties. (Data is for reference only)