Australia ਇਸ ਹਫਤੇ 15 March ਤੋਂ 21 March ਤੱਕ 2755 ਨਿਲਾਮੀ ਸੰਪਤੀਆਂ ਹਨ

The auction market for Australian real estate remained stable this week; however, both the number of listings and the clearance rate slightly declined.

This week, 2,755 properties were scheduled for auction, with auction results collected for 2,117 properties. Among these, 1,238 were successfully auctioned, while 467 failed to sell, resulting in a clearance rate of 58%. Compared to last week, the number of properties auctioned remained essentially unchanged, but the number of successful auctions decreased by 36 properties (a drop of about 2.8%). The clearance rate decreased by 3 percentage points, indicating a slight decline in market activity.

Performance varied across major regions, with some areas experiencing significant fluctuations in clearance rates:

- Sydney Central's clearance rate dropped to 56% this week, down 9 percentage points from last week.
- Melbourne East's clearance rate fell to 53%, a decrease of 9 percentage points from the previous week.
- Brisbane Central saw a significant increase in its clearance rate, reaching 60%, up 33 percentage points from last week.
- Brisbane North's clearance rate rose to 63%, a notable increase of 25 percentage points from the previous week.
- Gold Coast's clearance rate slightly declined to 40%, down by 2 percentage points.

In terms of prices, the main transaction price range this week was between $500,000 and $1,000,000, with 317 properties sold in this range, representing the largest proportion.

The highest sale price this week was for a property located at 3/9 Gladswood Gardens in Double Bay, which sold for $20 million.

This week, the median sale price of houses declined to $1,355,000, while the average sale price rose to $1,667,921, suggesting an increased demand for higher-priced properties in the market, despite steady activity in the mid to lower price range. (Data is for reference only.)