Home / Business and Economy / Sydney Home Auctions Hit 6-Year Low
Sydney Home Auctions Hit 6-Year Low
29 Jun
Summary
- Sydney's auction clearance rate fell to 47.3%.
- This marks the weakest performance since April 2020.
- Preliminary figures indicate a cooling housing market.
Australia's housing market is experiencing a notable cooldown, with recent data from Sydney highlighting a significant downturn. The city's home auction clearance rate for the past weekend registered at a mere 47.3%.
This figure represents the weakest performance seen in Sydney since April 2020, according to preliminary data. The decline suggests a considerable cooling effect on the previously robust property market.
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