GgoogleAU first seen 4 h ago, last 6 min ago, peak #2
Australian property downturn deepens as auction clearance rates fall
Original: housing
New figures from the Australian Broadcasting Corporation show the national housing downturn is deepening, with fewer than 50 percent of properties going to auction resulting in a sale. The clearance rate, a key indicator of housing market health, has fallen sharply as rising interest rates and weakening buyer confidence continue to weigh on prices across Australian capital cities.
Why now: The weak auction clearance figures signal a significant acceleration in Australia's property downturn, affecting homeowners and buyers.
Australian Broadcasting CorporationAustraliaAustralian housing market
Rank over time, top of the chart is #1. 2 snapshots from 21 min ago to 6 min ago.
Evidence
- Property downturn deepens with less than 50pc of auctions leading to a sale · ABC News & Headlines – Australian Broadcasting Corporation
- Low-deposit first-home buyers squeezed as suburb drops deepen · Domain
- 222 dirt-cheap Aus suburbs under $350k named - 7 under $100k · Real Estate
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