Clearance rates hit si year low as more than half of Australian homes up for auction fail to sell
Preliminary data show 47.7% of homes sold at auction in the week ending 21 June, the lowest rate has been since April 2020 Follow our
Preliminary data show 47.7% of homes sold at auction in the week ending 21 June, the lowest rate has been since April 2020 Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast Clearance rates in Australia’s capital cities have fallen to a si year low, with fewer than half of homes at auction finding buyers.
Preliminary data from Cotality shows 47.4% of homes that went to auction sold in the week ending Sunday 21 June. That figure is a weighted
average encompassing different rates in different capitals, but the numbers are striking across the board. Continue reading...
The BriefWire