Australia ਇਸ ਹਫਤੇ 5 October ਤੋਂ 11 October ਤੱਕ 2918 ਨਿਲਾਮੀ ਸੰਪਤੀਆਂ ਹਨ

This week, the Australian real estate auction market has stabilized. The number of listings has increased, but the clearance rate remains unchanged.

This week, 2,202 listings participated in auctions, and results for 1,295 were collected. Among these, 424 were successfully auctioned, 185 were passed in, and the clearance rate remained at 33%. Compared to last week, this week saw an increase of 370 listings (approximately 20.2%); the number of successful auctions grew by 53 (an increase of about 14.3%), but the clearance rate remained unchanged, indicating a relatively steady market.

The performance varied significantly across different regions, with clearance rates notably improving in Sydney East and Sydney Lower North:

- The clearance rate in Sydney East decreased by 8 percentage points to 55%, but the number of successful sales remained relatively stable.
- The clearance rate in Sydney Lower North increased by 10 percentage points to 68%, indicating strong demand for local listings.

Meanwhile, the performance in Sydney Northwest and Melbourne East was weak:

- The clearance rate in Sydney Northwest significantly declined by 30 percentage points to 29%, with a clear decrease in sales.
- The clearance rate in Melbourne East dropped by 4 percentage points to 19%, indicating intensified market competition.

In terms of prices, the mainstream transaction range this week was between $500,000 and $1,000,000, with 246 properties sold, representing the largest proportion.

The highest property sale price this week was at 277-279 MONACO ST, reaching $15.9 million.

The median price of sold homes this week rose to $1,200,000, an increase of 19.4% compared to last week. The average sale price decreased to $1,270,584 due to a reduced number of high-priced listings, showing a market trend toward transactions in the mid-to-lower price range. (Data is for reference only.)