Auction clearance rates hit lowest since COVID
Housing auction clearance rates have fallen to their lowest level since early COVID, with less than half of weekend auctions resulting in sales compared to almost two-thirds a year ago. Property experts attribute the decline to the Albanese government's proposed CGT and negative gearing changes, combined with existing downward pressure from interest rates and Middle East conflict. The market has transitioned to a buyer's market, with property analysts expecting slower house price growth rather than continued falls.See omnystudio.com/listener for privacy information.
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