Recent auction data from Sydney and Melbourne show a market with low success rates and different results depending on property prices and local demand.

最近悉尼與墨爾本的拍賣數據顯示，市場成交率較低，且結果視房屋價格與當地需求而有所不同。

In Sydney, the initial auction clearance rate was 53 percent. While this is a small increase from 47 percent, it is still below the 60 percent level needed for a balanced market. For example, a renovated home in Croydon failed to sell because the highest bid of $3.85 million did not reach the $3.9 million reserve price. On the other hand, a property in Five Dock sold for $2,401,000, which was higher than its $2.2 million reserve. Experts emphasized that this success was due to the clear pricing and the home's location near future transport projects. Furthermore, affordable detached houses in the northern beaches area, such as one in Cromer that sold for $1,352,000, continue to attract many buyers.

在悉尼，最初的拍賣成交率為 53%。雖然較 47% 略有增加，但仍低於維持平衡市場所需的 60% 水平。例如，Croydon 一棟翻新房屋因最高出價 385 萬澳元未達到 390 萬澳元的底價而未能售出。另一方面，Five Dock 的一處物業以 2,401,000 澳元成交，高於 220 萬澳元的底價。專家強調，此次成功歸功於定價透明以及房屋鄰近未來的交通項目。此外，北岸地區價格合理的獨立屋（如 Cromer 一棟以 1,352,000 澳元成交的房屋）繼續吸引許多買家。

Meanwhile, Melbourne's clearance rate was 57 percent, which is a drop from the 67 percent seen last year. Market analysts noted that there are far fewer properties available for sale, with auction numbers being only about one-third of the peak seen in March. Despite this decline, homes priced between $1 million and $2 million remain popular, as seen with a renovated bungalow in Thornbury that sold for $1.85 million. Additionally, sales in Seabrook and Box Hill North suggest that when sellers set realistic prices, homes can still sell even if they need repairs. Consequently, several factors, including rising interest rates and changes to government tax rules for investors, have forced a general adjustment of property prices across the city.

與此同時，墨爾本的成交率為 57%，較去年的 67%有所下降。市場分析師指出，目前可供出售的物業大幅減少，拍賣數量僅約為 3 月峰值的三分之一。儘管如此，價格在 100 萬至 200 萬澳元之間的房屋依然熱門，例如 Thornbury 一棟翻新平房以 185 萬澳元成交。此外，Seabrook 與 Box Hill North 的銷售情況顯示，只要賣家設定現實的價格，即便房屋需要維修仍可售出。因此，包括利率上升及政府針對投資者的稅務規則變更在內的數個因素，迫使全市物業價格進行全面調整。

The housing markets in both cities are still struggling to reach a balance, although some sales are succeeding where sellers have adjusted their price expectations.

兩座城市的房屋市場仍難以達到平衡，但在部分賣家調整價格預期後，部分銷售已取得成功。