Australia i tēnei wiki mai i 22 February ki 28 February he 3218 ngā whare e whakarewahia ana

This week, the Australian real estate auction market appeared relatively stable compared to last week. Although the number of listings increased, the clearance rate slightly declined.

This week, a total of 3,218 properties participated in auctions, with results collected for 2,487 properties. Out of these, 1,627 were successfully sold, while 476 passed in, resulting in a clearance rate of 65%. Compared to last week, this week saw an increase of 603 properties going to auction (approximately 23% increase); the number of successful auctions rose by 284 (approximately 21% increase). However, the clearance rate dropped by 1 percentage point, indicating a decrease in market activity in some regions.

Performance varied across different regions, with some areas of Sydney and Melbourne’s northern region performing particularly well:

- Sydney Lower North’s clearance rate improved by 6 percentage points, reaching 75%.
- Brisbane Other Regions’ clearance rate significantly increased to 100%.
- Melbourne North’s clearance rate slightly rose to 68%.

Conversely, Brisbane West’s clearance rate dropped significantly from 63% last week to 23% this week, while Gold Coast's clearance rate decreased by 8 percentage points to 45%.

In terms of price, the mainstream transaction range this week was between $500,000 and $1,000,000, with 375 sales recorded in this bracket, making it the largest proportion.

The highest sale price this week was for a property at 19 Wallis Avenue, Strathfield, selling for an impressive $8.401 million.

This week, the median sale price for homes decreased to $1,307,500, while the average sale price slightly increased to $1,618,902. This could indicate a higher proportion of sales in the mid to lower price range, although high-priced properties still impact overall prices, suggesting a trend of market polarization. (Data is for reference only)