Australia Auction Results
Click to view this week's auction and past auction results
All1246Sydney CBD29Eastern Suburbs101Upper North Shore105Lower North Shore67Inner West70Northern Beaches52Parramatta (Northwest suburbs)35Sydney Others164Melbourne East120Melbourne CBD18Melbourne West12Melbourne South East40Melbourne North133Melbourne Others103Brisbane CBD10Brisbane East15Brisbane North20Brisbane West26Brisbane South61Brisbane Others10Gold coast55
Australia this week from 31 May to 6 June has 1246 auction properties
48%
Clearance rate
1246
Auction schedule
412
Sold out
219
Passed in
Auction result collected850
Median sales price$1,210,000
Sold Average rate$1,349,487
This week, the Australian real estate auction market continued to be sluggish, with both the number of listings and clearance rates declining.
A total of 1,245 properties were auctioned this week, and auction results were collected for 849 properties, of which 411 were successfully sold and 219 were passed in, resulting in a clearance rate of 48%. Compared to last week, the number of properties up for auction decreased by 1,340 (around 51.8%); the number of successful auctions dropped by 619 (a decrease of about 60.1%); and the clearance rate also decreased by 7 percentage points, indicating reduced market activity.
There were noticeable changes in performance across various regions. The clearance rate in Sydney Lower North improved significantly, rising from 60% to 72%, reflecting increased market activity in the area. In contrast, Sydney's Central region showed weakness, with the clearance rate dropping from 60% last week to 38%. Melbourne's North and West areas experienced noticeable slowdowns, with clearance rates falling from 60% and 55% to 49% and 33%, respectively. Across Brisbane, regions continued to be sluggish, especially in Brisbane East and South, where clearance rates dropped to 9% and 14%, respectively.
In terms of prices, the main transaction range this week was between $500,000 and $1,000,000, with 115 properties sold, making it the most significant proportion. The highest transaction price this week was for a property located at 73 Hewlett Street, Bronte, with a price reaching $15 million. The median price of houses sold this week dropped to $1,210,000, and the average transaction price decreased to $1,348,452, reflecting a trend towards mid to low-priced properties in the market. (Data is for reference only)
A total of 1,245 properties were auctioned this week, and auction results were collected for 849 properties, of which 411 were successfully sold and 219 were passed in, resulting in a clearance rate of 48%. Compared to last week, the number of properties up for auction decreased by 1,340 (around 51.8%); the number of successful auctions dropped by 619 (a decrease of about 60.1%); and the clearance rate also decreased by 7 percentage points, indicating reduced market activity.
There were noticeable changes in performance across various regions. The clearance rate in Sydney Lower North improved significantly, rising from 60% to 72%, reflecting increased market activity in the area. In contrast, Sydney's Central region showed weakness, with the clearance rate dropping from 60% last week to 38%. Melbourne's North and West areas experienced noticeable slowdowns, with clearance rates falling from 60% and 55% to 49% and 33%, respectively. Across Brisbane, regions continued to be sluggish, especially in Brisbane East and South, where clearance rates dropped to 9% and 14%, respectively.
In terms of prices, the main transaction range this week was between $500,000 and $1,000,000, with 115 properties sold, making it the most significant proportion. The highest transaction price this week was for a property located at 73 Hewlett Street, Bronte, with a price reaching $15 million. The median price of houses sold this week dropped to $1,210,000, and the average transaction price decreased to $1,348,452, reflecting a trend towards mid to low-priced properties in the market. (Data is for reference only)
