Low auction clearance rates tipped to continue, according to Cotality
Less than half of properties at auction in Australia sold last week, with a national clearance rate of 49.8 percent, according to Cotality. Brisbane experienced a dramatic drop to 23.8 percent, down from 39.3 percent. Experts predict ongoing market weakness due to factors like interest rate hikes and a surplus of listings.
How does this story land?
Summary by OZbrief Editorial · ABC News – Top stories · Source
Take it further — get the full app and never miss a moment of what's happening in Australia.
This publisher's site can't be shown here due to their security settings.
Open full article →No source link available for this article.
Published 05 Jul 2026, 08:22 UTC · Updated 05 Jul 2026, 08:30 UTC
Summary by OZbrief Editorial. Original report: ABC News – Top stories. Editorial policy · Corrections
Trending
- Watch: PM's former top aide on Starmer's first call with Trump
- Fogarty kicks four as Crows bounce back to beat Eagles
- We spent the morning at Brisbane’s loneliest train station
- Gas giants to reap $18 billion war windfall, reviving export tax calls
- Sydney brothers accused of stealing $600,000 from elderly man with dementia
- Hawthorn defender Josh Battle sidelined after appendix removal surgery