Australia ਇਸ ਹਫਤੇ 19 October ਤੋਂ 25 October ਤੱਕ 2848 ਨਿਲਾਮੀ ਸੰਪਤੀਆਂ ਹਨ

This week, the Australian real estate auction market showed slight signs of improvement. Although the number of properties up for auction decreased, the clearance rate rose significantly.

A total of 2,848 properties were auctioned this week, with 1,640 successfully sold and 408 unsold, resulting in a clearance rate of 68%. Compared to last week, there were 279 fewer properties (approximately 8.9%) listed for auction; the number of successful sales increased by 31 (a rise of approximately 1.9%); and the clearance rate increased by 9 percentage points, indicating stronger buyer demand.

Performance varied significantly across regions. Notably, the clearance rates in Lower North Shore Sydney, North West Sydney, and Northern Melbourne showed marked improvements:

- The clearance rate in Lower North Shore Sydney increased by 22 percentage points to 80%;
- The clearance rate in North West Sydney increased by 19 percentage points to 84%;
- The clearance rate in Northern Melbourne increased by 11 percentage points to 71%.

In contrast, the clearance rate in Sydney CBD dropped significantly to 39%, 27 percentage points lower than last week, reflecting weakened market demand in the area.

In terms of prices, the mainstream transaction price range this week was between $500,000 and $1 million, with 431 properties sold, representing the largest proportion. The highest transaction price this week was for a property at 53 Crows Nest Road, Waverton, selling for $10 million. The median sale price of properties decreased to $1,355,000 (a $16,750 decrease from the previous week), and the average sale price was $1,507,980 (a $23,950 decrease from the previous week), indicating a market preference for mid to lower-priced listings.

(Data is for reference only)