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Auction clearance rate slumps to 57% nationwide as interest rate hikes prompt Australians to sell

The Guardian World News March 26, 2026 · 6:41 am Read Original

Optimistic 36.6

−100 Bearish 0 +100 Bullish

Auction clearance rate slumps to 57% nationwide as interest rate hikes prompt Australians to sell

Homebuyers lose confidence amid higher rates and Iran war-linked price rises across the economy, buyers agent saysFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastSurging numbers of homes are being passed in at auction as higher interest rates weigh on demand and the number of properties for sale hits highs not seen since 2021.The national auction clearance rate last week was just under 57%, the lowest this year, with Sydney’s at 55%, Cotality data shows. The remainder includes both houses that did not sell at auction and houses withdrawn before auction. Continue reading...

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Source The Guardian World News

Published Mar 26, 2026 · 6:41 am

Article ID nr1paoz

Original URL Open source

Optimistic 36.6

−100Neutral+100

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