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Major capital cities record worst housing auction clearance rates in years

Sydney and Melbourne record their weakest auction results in years, with fewer than half of all homes going under the hammer finding a buyer.

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abc.net.auStai leggendo1 mese fa

Major capital cities record worst housing auction clearance rates in years

Sydney and Melbourne auction clearance rates hit six- and five-year lows at 47.3% and 50.2%, below 60% benchmark. Budget changes will cool investor appetite; economists forecast 5% price decline and macro slowdown, pressuring venture capital and IT budgets.

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afr.com1 mese fa

Sydney, Melbourne have worst auction week in more than five years

Sellers are pulling out to avoid a weakening market, although a $3.23 million auction sale in Glebe showed buyers were still there for the right property.

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Major capital cities record worst housing auction clearance rates in years

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Major capital cities record worst housing auction clearance rates in years

Sydney, Melbourne have worst auction week in more than five years

Timeline cronologica

Sydney, Melbourne have worst auction week in more than five years

Major capital cities record worst housing auction clearance rates in years

House prices fall in four capital cities as Sydney values drop nearly $50,000 this year

Auction results plummet around Australia

Auction results plummet around Australia

House prices fall in four capital cities as Sydney values drop nearly $50,000 this year

Sydney, Melbourne price declines deepen in ‘glum’ housing market