The Age
·general
·3 hours ago
Sydney's auction clearance rate plummets to 37.9 percent amid demand drop
Home buying demand has sharply declined, with Sydney's auction clearance rate dropping to 37.9 percent. Less than half of residential properties scheduled for auction sold during the Anzac weekend in Sydney, reflecting a widening gap between seller expectations and buyer opportunism. Economists predict falling property prices in light of rising interest rates and inflation concerns.
Summary by Glance · The Age
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