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Clearance rates hit six-year low as more than half of Australian homes up for auction fail to sell
Preliminary data show 47.7% of homes sold at auction in the week ending 21 June, the lowest clearance rate since April 2020
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afr.com
Auction clearance rates plunge to 40pc, lowest in years
The last time clearance rates were this low was during the pandemic in 2020, as rate hikes, tax changes, and war chill the market.
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abc.net.au
Auction clearance rates fall to lowest level in six years
Not since the early days of the COVID-19 pandemic have sellers seen such disappointing results at auction, with Cotality predicting "a further loss of momentum" in the housing…
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theguardian.com
Clearance rates hit six-year low as more than half of Australian homes up for auction fail to sell
Preliminary data show 47.7% of homes sold at auction in the week ending 21 June, the lowest clearance rate since April 2020
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‘Downturn is deepening’: Sydney prices fall faster as clearances crash
Prices in Sydney and Melbourne could fall by 8 per cent by the end of the year as auction clearance rates slump to near the lowest on record.
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theage.com.au
The suburbs where the most homes are failing to sell at auction
Some areas have recorded double-digit drops in their auction clearance rates as interest rate increases bite and investors pull back.