Australia Auction Results

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2198All36Sydney CBD89Eastern Suburbs103Upper North Shore45Lower North Shore90Inner West

Australia this week from 20 October to 26 October has 2198 auction properties

60%
Clearance rate
2198
Auction schedule
1316
Sold out
758
Passed in
Auction result collected2178
Median sales price$1,150,000
Sold Average rate$1,568,644
City
Auction schedule
Auction result collected
Sold out
Withdraw
Passed in
Clearance rate
36
35
16
4
15
46%
89
89
56
6
27
63%
103
101
59
8
32
58%
45
43
33
2
8
77%
90
90
59
4
27
66%
60
60
44
0
13
73%
56
56
40
1
14
71%
281
280
155
7
109
55%
412
406
269
10
117
66%
92
92
46
1
45
50%
52
52
32
1
17
62%
53
52
37
2
13
71%
343
343
212
6
121
62%
291
286
174
6
103
61%
17
17
8
1
7
47%
16
16
5
0
11
31%
25
24
13
3
8
54%
24
24
11
1
12
46%
41
41
16
2
23
39%
19
19
10
0
9
53%
53
52
21
2
27
40%
This week, the activity in Australia's real estate auction market has significantly increased with a rise in the number of properties listed. Although the clearance rate remained stable, overall participation has grown.

A total of 2,198 properties were listed for auction this week, with auction results collected for 2,178 properties. Among them, 1,316 properties were successfully auctioned, 758 were passed in, and the clearance rate stood at 60%. Compared to last week, there was an increase of 361 properties (19.7%) listed for auction, a rise of 227 properties (20.8%) successfully sold, while the clearance rate remained unchanged, indicating increased market participation with stable overall transaction ratios.

The performance of main regions varied, with significant increases in Sydney East and Melbourne East. Sydney East had a clearance rate of 63% this week, dropping 11 percentage points from last week. Melbourne East's clearance rate stood at 66% this week, down 5 percentage points from last week, but the number of properties sold increased. Brisbane West saw a notable rebound, with the clearance rate rising by 20 percentage points to 46%, indicating market recovery. However, Brisbane East experienced a significant decline, with the clearance rate dropping by 12 percentage points to 31%.

In terms of pricing, the mainstream transaction price range this week was between $500,000 and $1 million, with 362 properties sold, making it the highest proportion. The highest transaction price this week was for a property located at 7 DALLEY AV, which sold for AUD 15.1 million. The median price of sold houses this week decreased to AUD 1,150,000, while the average price rose to AUD 1,568,644. This indicates that while high-priced properties are active in the market, the growth in transactions of lower-priced properties is more significant, affecting the overall median price. (Data for reference only)