Australia ਇਸ ਹਫਤੇ 11 May ਤੋਂ 17 May ਤੱਕ 1663 ਨਿਲਾਮੀ ਸੰਪਤੀਆਂ ਹਨ

This week, the Australian real estate auction market experienced a slight cooling, with a decrease in the number of listings but an increase in the clearance rate.

A total of 1,663 properties were up for auction this week, with results collected for 1,181 of them. Of these, 357 properties were successfully sold, 240 were passed in, and the clearance rate reached 30%. Compared to last week, there were 362 fewer properties listed for auction this week (a decrease of about 17.9%). The number of successful auctions decreased by 26 (a reduction of about 6.8%). However, the clearance rate improved by 3 percentage points, indicating a slight improvement in market success despite a reduction in supply.

Performance varied across different regions, with significant growth in clearance rates in Sydney East and Sydney Lower North:

- The clearance rate in Sydney East increased by 12 percentage points, reaching 58%;
- The clearance rate in Sydney Lower North rose by 23 percentage points, reaching 67%.

Additionally, the clearance rate in Sydney Northern Beaches also increased by 22 percentage points, reaching 65%. In contrast, the clearance rate in Melbourne East remained relatively low at 18%.

In terms of pricing, the main transaction range this week was between $500,000 and $1,000,000, with 229 properties sold in this range, accounting for the largest proportion.

The highest transaction price this week was for a property located at 24 WINCH CT, which sold for $14.01 million.

The median sale price of houses this week dropped to $977,500, and the average sale price fell to $1,158,284. This reflects an increased preference in the market for low to medium-high priced properties, with a decrease in sales of high-priced properties. The market heat is more focused on mid to low-end properties. (Data is for reference only)