The Age
·general
·1 day ago
‘Really rattling buyers’: Why the auction market just sank
Auction clearance rates in Sydney and Melbourne fell in March, indicating a decline in buyer activity as home prices are expected to drop further. Sydney's rate reached 57.3 percent and Melbourne's 60.7 percent, both below key benchmarks. Economists attribute the trend to rising interest rates and growing living costs, forecasting continued market weakening.
Summary by Glance · The Age
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