New CoreLogic data shows that, while auction volumes have remained high across Australia’s capitals, clearance rates have steadily declined.
It comes as the latest ABS data shows a 15% decline in first-home buyers entering the market in the September quarter.
“There’s no doubt week to week those auction clearance rates are showing a gradual decline in momentum,' Eliza Owen, head of research at CoreLogic said.

Money by Afterpay has officially launched, adding bank accounts and short-term lending to the buy now, pay later world

Money by Afterpay has officially launched in Australia, offering new functionality to users of the buy now, pay later giant. The app offers bank accounts backed by Westpac, and a feature which retroactively turns purchases into BNPL transactions. The platform may open the door to new functionalities, like larger loans […]

The best gaming consoles in 2021

Every major console brand has something different to bring to the table, offering gamers plenty of options. The PlayStation 5 is our top pick for most buyers thanks to its exclusive franchises and powerful hardware. You can expect low stock for the PS5 through the early part of the year, […]

News 10 hours ago

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Markets 10 hours ago

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Markets 11 hours ago

Panera is about to be a public company again, and its IPO will include an investment from the founder of Shake Shack

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News 11 hours ago

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US 11 hours ago

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Strategy 11 hours ago

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Markets 11 hours ago

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Markets 11 hours ago

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Markets 12 hours ago

Retail traders on Reddit are theorizing that a complex Fed facility is flashing signs that a market crash is on the horizon

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Markets 12 hours ago

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Lifestyle 12 hours ago

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US 12 hours ago

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News 12 hours ago

The head of Instagram was briefly locked out of his account after he was falsely reported as dead

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News 12 hours ago

Former Trump aides said his administration acted like the Gestapo, purging anyone seen as disloyal: book

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News 13 hours ago

Rep. Adam Schiff says Rep. Paul Gosar has ‘no business being in Congress’ following edited anime tweet that shows Gosar killing AOC

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