Australia ਇਸ ਹਫਤੇ 23 February ਤੋਂ 1 March ਤੱਕ 1936 ਨਿਲਾਮੀ ਸੰਪਤੀਆਂ ਹਨ

This week, Australia's real estate auction market slightly cooled, with an increase in overall listings but a decline in clearance rates.

A total of 1,936 properties were auctioned this week, with results collected for 1,909 properties. Of these, 1,223 were successfully auctioned, and 438 were passed in, leading to a clearance rate of 64%. Compared to last week, the number of properties put up for auction increased by 44 (about 2.3%); however, the number of successful auctions decreased by 23 (a decrease of about 1.8%). The clearance rate dropped by 3 percentage points, indicating a decline in market activity.

The performance varied across major regions, with Sydney Centre standing out, achieving a clearance rate of 100%, which is a significant increase of 31 percentage points from last week. Meanwhile, the clearance rate in Sydney Inner West fell by 11 percentage points to 66%. The most notable decline in clearance rate was in Melbourne CBD, dropping by 17 percentage points to 54%.

Brisbane and Gold Coast markets showed weakness, with clearance rates in Brisbane East and North falling by 17 and 9 percentage points, respectively. Brisbane Other Regions saw a clearance rate decrease by 12 percentage points to 19%. Gold Coast's clearance rate also dropped by 11 percentage points to 39%.

In terms of prices, the mainstream transaction price range this week was $500,000 to $1,000,000, comprising 336 transactions, the largest proportion. The highest transaction price this week was for a property at 95 Koola Avenue, East Killara, reaching $8.39 million. The median price of properties sold this week decreased to $1,250,000, while the average transaction price decreased to $1,546,323, reflecting a shift of market activity towards mid-to-low-end properties. (Data is for reference only)