‘Testing the market’: Unrealistic sellers pull properties from auction
Homeowners increasingly withdrew properties from auctions in Sydney and Melbourne over the past month as they responded to a rapidly changing market. In Sydney, withdrawals rose to 39.5 percent on the latest weekend, while Melbourne saw 16.4 percent. Experts attribute the trend to unrealistic seller expectations amid falling house prices and rising interest rates.
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 29 Jun 2026, 19:00 UTC · Updated 29 Jun 2026, 19:11 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections
Trending
- 'It's who we are': Albanese issues impassioned defence of multiculturalism
- Cody Gakpo and partner Noa van der Bi announce miscarriage of son
- Court returns proceeds of house sale seized from convicted paedophile
- Abigail Velez apologizes for controversial comment about Bosnia during broadcast
- Former CFMEU chief pleads for drug trafficker tied to Big Build corruption
- Katrina Kroetch showcases women's magic talent at Melbourne Magic Festival