Australia Auction Results
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All2585Sydney CBD50Eastern Suburbs165Upper North Shore139Lower North Shore121Inner West172Northern Beaches104Parramatta (Northwest suburbs)70Sydney Others310Melbourne East331Melbourne CBD78Melbourne West56Melbourne South East48Melbourne North373Melbourne Others299Brisbane CBD17Brisbane East30Brisbane North29Brisbane West21Brisbane South62Brisbane Others28Gold coast82
Australia this week from 24 May to 30 May has 2585 auction properties
55%
Clearance rate
2585
Auction schedule
1030
Sold out
486
Passed in
Auction result collected1883
Median sales price$1,500,000
Sold Average rate$1,605,846
This week, the Australian real estate auction market showed a good trend, with an increase in the number of listings and a rise in clearance rates.
A total of 2,584 properties were auctioned this week, with results collected for 1,882 auctions. Among them, 1,030 were successfully sold, while 485 were passed in, resulting in a clearance rate of 55%. Compared to last week, the number of auctioned properties increased by 206 (approximately 8.7%); the number of successful auctions grew by 111 (an increase of about 12.1%); and the clearance rate rose by 3 percentage points, indicating an increase in market transaction activity.
In terms of performance in key areas, there were significant differences in clearance rates and transaction volumes across regions:
The Sydney Inner West area saw a notable decline in clearance rates from 77% to 55%, although the number of properties up for auction increased from 130 to 172.
The Melbourne Central Business District experienced a significant increase in clearance rates from 57% to 70%, with the number of properties up for auction also increasing by 21.
Brisbane Western region witnessed a substantial drop in clearance rates from 37% to 12%, indicating a lack of market confidence.
The Gold Coast showed an improving trend, with the clearance rate rising from 25% to 32%.
In terms of prices, the mainstream transaction range this week was $500,000 to $1,000,000, with 255 transactions, making it the largest share. The highest transaction price was for a property located at 18 SURFSIDE AV, with a sale price of $10.4 million. The median transaction price for the week rose to $1,500,000, while the average transaction price increased to $1,605,846, reflecting an increased demand for mid-to-high-priced properties.
(Data for reference only.)
A total of 2,584 properties were auctioned this week, with results collected for 1,882 auctions. Among them, 1,030 were successfully sold, while 485 were passed in, resulting in a clearance rate of 55%. Compared to last week, the number of auctioned properties increased by 206 (approximately 8.7%); the number of successful auctions grew by 111 (an increase of about 12.1%); and the clearance rate rose by 3 percentage points, indicating an increase in market transaction activity.
In terms of performance in key areas, there were significant differences in clearance rates and transaction volumes across regions:
The Sydney Inner West area saw a notable decline in clearance rates from 77% to 55%, although the number of properties up for auction increased from 130 to 172.
The Melbourne Central Business District experienced a significant increase in clearance rates from 57% to 70%, with the number of properties up for auction also increasing by 21.
Brisbane Western region witnessed a substantial drop in clearance rates from 37% to 12%, indicating a lack of market confidence.
The Gold Coast showed an improving trend, with the clearance rate rising from 25% to 32%.
In terms of prices, the mainstream transaction range this week was $500,000 to $1,000,000, with 255 transactions, making it the largest share. The highest transaction price was for a property located at 18 SURFSIDE AV, with a sale price of $10.4 million. The median transaction price for the week rose to $1,500,000, while the average transaction price increased to $1,605,846, reflecting an increased demand for mid-to-high-priced properties.
(Data for reference only.)