Housing Minister Clare O'Neil says Australia's housing market is experiencing a correction following COVID amid low auction clearance rates in major capital cities. Follow live.

Housing Minister Clare O'Neil says Australia's housing market is experiencing a correction following COVID amid low auction clearance rates in major capital cities. Follow live.

The housing minister’s comments come amid a downturn that has sent house prices down 1 per cent in Sydney in the past four weeks as auction clearances near record lows.