Many houses in Sydney and Melbourne did not sell at auctions recently.

最近悉尼與墨爾本有許多房屋在拍賣會上未能售出。

In Sydney, only 53 percent of houses sold. One expensive house did not sell because the price was too high. But another house sold for more money because the seller told the price early.

在悉尼，僅有 53% 的房屋售出。一棟昂貴的房屋因為價格過高而未能售出。但另一棟房屋則以更高價格成交，因為賣家提前告知了價格。

In Melbourne, 57 percent of houses sold. This is lower than last year. There are fewer houses for sale now. Some houses between 1 million and 2 million dollars still sell well.

在墨爾本，有 57% 的房屋售出。這比去年低。目前待售的房屋較少。部分 100 萬至 200 萬美元之間的房屋仍然銷售良好。

Banks raised interest rates. This makes houses more expensive to buy. Now, sellers must choose lower prices to sell their homes.

銀行提高了利率。這使得買房的成本更高。現在，賣家必須選擇較低的價格才能將房屋售出。

The markets are slow, but some people still buy houses if the price is fair.

市場雖緩慢，但只要價格合理，仍有人會買房。

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。

Recent auction data from Sydney and Melbourne indicate a market characterized by suboptimal clearance rates and divergent outcomes based on asset pricing and regional demand.

近期悉尼與墨爾本的拍賣數據顯示，市場特徵為成交率不理想，且結果因資產定價與地區需求而有所差異。

The Sydney metropolitan area exhibited a preliminary auction clearance rate of 53 percent, a marginal increase from a previous low of 47 percent, yet remaining below the 60 percent threshold indicative of market equilibrium. This downward pressure is evidenced by the failure of a renovated property in Croydon to meet its $3.9 million reserve, despite a high bid of $3.85 million. Conversely, a property in Five Dock achieved a sale price of $2,401,000, exceeding its disclosed reserve of $2.2 million. This outcome is attributed to the strategic transparency of publishing the reserve price and the proximity of the asset to future infrastructure developments. In the northern beaches region, entry-level freestanding homes continue to attract competition, as demonstrated by a Cromer property selling for $1,352,000.

悉尼都會區的初步拍賣成交率為 53%，較先前低點 47% 略有增加，但仍低於代表市場平衡的 60% 門檻。Croydon 一處翻新物業儘管最高出價達 385 萬美元，仍未能達到 390 萬美元的底價，證明了目前的下行壓力。相反地，Five Dock 的一處物業成交價達 2,401,000 美元，超過了其披露的 220 萬美元底價。此結果歸功於公布底價的策略透明度，以及該資產鄰近未來的基礎建設開發。在北岸地區，入門級獨立屋持續吸引競爭，例如 Cromer 的一處物業以 1,352,000 美元成交。

In Melbourne, the preliminary clearance rate was recorded at 57 percent, representing a contraction from the 67 percent observed during the preceding year. Market participants noted a significant reduction in available inventory, with auction volumes in the current period being approximately one-third of the March peak. Despite this general decline, properties in the $1 million to $2 million bracket, such as a renovated bungalow in Thornbury that sold for $1.85 million, maintain buyer interest. Additional transactions in Seabrook and Box Hill North suggest that realistic vendor expectations and limited supply are facilitating sales, even for assets requiring capital expenditure. Institutional factors, including consecutive interest rate increments and federal budget adjustments regarding negative gearing and capital gains discounts, have necessitated a broad price recalibration across the sector.

在墨爾本，初步成交率記錄為 57%，較前一年的 67% 有所萎縮。市場參與者注意到可用庫存顯著減少，本期的拍賣量約僅為三月高峰期的三分之一。儘管整體呈下降趨勢，但 100 萬至 200 萬美元區間的物業（例如 Thornbury 一處翻新平房以 185 萬美元成交）仍維持買家興趣。Seabrook 與 Box Hill North 的其他交易顯示，現實的賣方預期與有限的供應正促成交易，即使是需要資本支出的資產亦然。包括連續加息以及聯邦預算中關於負扣稅與資本增值折扣的調整等制度因素，已導致整個產業區間需要進行廣泛的價格重新校準。

The residential markets in both cities remain below equilibrium, though localized demand and adjusted vendor expectations are facilitating isolated successful transactions.

兩座城市的住宅市場仍低於平衡點，但局部需求與調整後的賣方預期正促成個別成功的交易。