Auction clearance rates fall to lowest level in six years
Auction clearance rates in Australia fell to 47 percent, the lowest since April 2020. Cotality's Tim Lawless predicted a further decline due to recent economic factors, including rising interest rates and increasing inflation. This drop reflects a significant lack of vendor confidence, resulting in a buyer's market across major cities like Sydney and Melbourne.
Summary by OZbrief Editorial · ABC News – Business · Source
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Published 21 Jun 2026, 08:38 UTC · Updated 21 Jun 2026, 08:40 UTC
Summary by OZbrief Editorial. Original report: ABC News – Business. Editorial policy · Corrections
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