Australian property clearance rates have fallen in recent weeks, signalling a ‘gradual decline in momentum’ for the hot housing market
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Australian property clearance rates have fallen in recent weeks, signalling a ‘gradual decline in momentum’ for the hot housing market

  • 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.
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