Australia ਇਸ ਹਫਤੇ 16 February ਤੋਂ 22 February ਤੱਕ 1892 ਨਿਲਾਮੀ ਸੰਪਤੀਆਂ ਹਨ

This week, Australia's real estate auction market showed a cooling trend, with an increase in the number of listings but a decline in clearance rates.

A total of 1,892 properties were auctioned this week, with results collected for 1,872 of them. Out of these, 1,246 were successfully sold, and 402 were passed in, leading to a clearance rate of 67%. Compared to last week, the number of properties auctioned increased by 498 (an increase of approximately 35.7%); the number of successful auctions increased by 285 (an increase of approximately 29.7%). However, the clearance rate dropped by 3 percentage points, indicating a weakening in market activity.

The performance varied significantly across major regions. Sydney Northern Beaches' clearance rate increased by 10 percentage points to 80%; Melbourne Central Business District's clearance rate rose significantly by 10 percentage points to 71%. However, Sydney Lower North Shore's clearance rate dropped significantly, decreasing by 18 percentage points to 73%; Brisbane North's clearance rate fell by 29 percentage points to 35%, indicating weak demand in that area.

In terms of prices, the majority of transactions this week were concentrated in the $500,000 to $1 million range, with a total of 330 properties sold, making up the largest proportion. The highest transaction price this week was for a property at 25 Le Vesinet Drive, Hunters Hill, which was sold for $10.85 million. The median price of properties sold rose to $1,387,500, while the average price also increased to $1,607,064, reflecting a trend towards higher-priced listings.

(Data is for reference only)