‘Really rattling buyers’: Why the auction market just sank

Auction clearance rates in Sydney fell to 57.3 percent and in Melbourne to 60.7 percent in March, signaling a decline in property buyer activity amid rising interest rates and economic uncertainty. Domain's Dr. Nicola Powell noted that higher living costs and ongoing conflicts are discouraging buyers. Analysts anticipate continued weakening in the housing market as mortgage costs.

Summary by Glance · SMH