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ABC News & Headlines – Australian Broadcasting Corporation·3 min read·medium

Property auction clearance rates pick up slightly as expert predicts slump to continue

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Nabil Al-Nashar
Property auction clearance rates pick up slightly as expert predicts slump to continue
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Australian property auction clearance rates remain below 50 percent, indicating a continued slump in the national housing market. Experts suggest that a mismatch between buyer and seller expectations is driving the negative trend.

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Last week’s figures were already the lowest since the COVID-19 market slowdown in 2020. ( ABC News: Liz Pickering )

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