Australia ਇਸ ਹਫਤੇ 24 August ਤੋਂ 30 August ਤੱਕ 1922 ਨਿਲਾਮੀ ਸੰਪਤੀਆਂ ਹਨ

This week, Australia's real estate auction market continued to recover, with a slight increase in the number of listings and a significant improvement in the clearance rate.

A total of 1,922 properties were up for auction this week, with auction results collected for 1,179 properties. Among them, 379 properties were successfully sold, 167 properties were passed in, and the clearance rate reached 32%. Compared to last week, the number of properties auctioned this week increased by 43 (approximately 2.3%); the number of successful auctions increased by 34 (an increase of approximately 9.9%); and the clearance rate rose by 3 percentage points, indicating enhanced market activity.

The performance varied significantly across different regions, with a notable increase in clearance rates in Sydney CBD and Sydney Upper North Shore:

- The clearance rate in Sydney CBD rose by 32 percentage points to 50%.
- The clearance rate in Sydney Upper North Shore increased by 1 percentage point to 43%.

Additionally, the clearance rate in Melbourne North improved by 6 percentage points, reaching 30%. However, the clearance rate in Melbourne Southeast decreased by 4 percentage points to 17%. The clearance rate in Brisbane CBD remained at 0%, indicating low market activity.

In terms of prices, the mainstream transaction range this week was $500,000 to $1,000,000, with a total of 212 properties sold, representing the largest proportion.

The highest selling price this week was for a property at 28 Gilda Ave, with a transaction price of AUD 5.7 million.

The median selling price of homes this week decreased to AUD 1.22 million, while the average selling price dropped to AUD 1.3547 million, reflecting a market trend towards mid to low-priced properties, with a slight reduction in higher-priced transactions. (Data for reference only)