Australia ਇਸ ਹਫਤੇ 1 December ਤੋਂ 7 December ਤੱਕ 1925 ਨਿਲਾਮੀ ਸੰਪਤੀਆਂ ਹਨ

This week, the Australian real estate auction market was somewhat tepid, with a decrease in the total number of listings and a decline in the clearance rate.

A total of 1925 properties were listed for auction this week, with results collected from 1888 auctions, of which 1073 were successfully sold while 512 were withdrawn, resulting in a clearance rate of 57%. Compared to last week, the number of auctioned properties decreased by 212 (approximately 9.9%); the number of successful auctions decreased by 187 (a decline of about 14.8%); and the clearance rate fell by 3 percentage points, indicating a cooling in market demand.

The performances varied across major regions, with a significant drop in clearance rates in some areas of Sydney and Melbourne. Notably, in Sydney's Eastern Suburbs and Upper North Shore, clearance rates fell by 5% and 12% respectively, reflecting weaker demand in certain local markets. Though the clearance rate in the Melbourne Central Business District improved by 5%, the auction volume dropped significantly. The Brisbane market as a whole remained sluggish, with the clearance rate in its central district plunging by 20%, contrasted with improvements in other areas like Brisbane East, where the clearance rate rose by 12%.

In terms of prices, the mainstream transaction price range this week was between $500,000 and $1,000,000, with 325 properties sold, making up the largest proportion. The highest sale price this week was for the property at 101 Middle Harbour Road, Lindfield, which sold for $11.98 million. The median sale price this week was $1,182,500, down from last week's $1,355,000, and the average sale price was $1,463,931, also down from last week's $1,641,482. This indicates increased activity in the lower price segments, with overall market demand shifting from high-priced properties to medium-to-low-priced properties. (Data is for reference only)