SMH
·general
·3 hours ago
Home buying demand drops as auction clearance rates tumble in Australia
Home buying demand in Australia fell sharply during the Anzac weekend, with Sydney's auction clearance rate dropping to 37.9 percent. In Melbourne, the figure hit 43.7 percent, highlighting a significant gap between seller expectations and buyer power. Economic pressures, including rising interest rates, are expected to further soften housing prices in coming months.
Summary by Glance · SMH
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