Australia ਇਸ ਹਫਤੇ 20 April ਤੋਂ 26 April ਤੱਕ 1214 ਨਿਲਾਮੀ ਸੰਪਤੀਆਂ ਹਨ

This week, the Australian real estate auction market experienced a retreat, with both the number of listings and clearance rates declining.

A total of 1,214 properties were auctioned this week, with auction results collected for 738 properties. Among them, 194 properties were successfully auctioned, and 177 properties were passed in, resulting in a clearance rate of 26%. Compared to the previous week, the number of auctioned properties decreased by 1,854 (approximately 60.4%); the number of successful auctions decreased by 576 (a decline of approximately 74.8%); the clearance rate dropped by 7 percentage points, indicating a weakening market activity.

The performance varied across regions, with noticeable changes in clearance rates in some areas:

- The clearance rate in Sydney Central increased by 37 percentage points to 67%, indicating significant market activity in the area.
- The clearance rate in Sydney East dropped by 16 percentage points to 38%, showing a cooling trend in the auction market.
- The clearance rate in Melbourne East decreased by 8 percentage points to 18%, with a noticeable reduction in market activity.
- The clearance rate in Brisbane East increased by 15 percentage points to 33%, showing signs of recovery.

In terms of pricing, the main transaction range this week was between $500,000 and $1,000,000, with 185 transactions, making up the largest proportion.

The property with the highest transaction price this week was located at 59 Augustine Street in Hunters Hill, with a sale price of $9.225 million.

The median selling price of homes this week fell to $950,000, and the average selling price dropped to $1,069,961, reflecting an increased share of transactions in the lower-priced property segment, with the overall market leaning towards lower-end properties. (Data is for reference only)