✉news BusinessReal Estate first seen 2 h ago, last 18 min ago, peak #25
Australian auction clearance rate hits 10-week low on rate hike fears
Original: Australian home auction clearance rate hits 10-week low as looming rate hike threatens deeper slowdown
Australia's home auction clearance rate has fallen to its lowest level in ten weeks, with sellers and analysts pointing to the prospect of another interest rate hike as a drag on buyer demand. Commentators warn that further tightening from the Reserve Bank of Australia could deepen the slowdown in the housing market and pressure prices.
Why now: Expectations of another Reserve Bank interest rate rise are weighing on buyer confidence and the property market outlook.
AustraliaReserve Bank of Australia
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Evidence
- Australian home auction clearance rate hits 10-week low as looming rate hike threatens deeper slowdown · The Business Times
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