Australian Property Auctions See Lowest Sales in Years

property market housing auctions

L'essentiel

Less than half of Australian properties auctioned last week sold, with the national clearance rate at 49.8%.
Experts cite a mismatch in buyer/seller expectations, affordability issues, interest rate hikes, and reduced investor activity as key factors contributing to a prolonged market downturn.

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Less than half of Australian properties auctioned last week sold, with the national clearance rate at 49.8%. Experts cite a mismatch in buyer/seller expectations, affordability issues, interest rate hikes, and reduced investor activity as key factors contributing to a prolonged market downturn.

Read the full article on ABC Top Stories

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Sujetshousing auctions interest rates investors negative gearing housing affordability

This article was originally published by ABC Top Stories.

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