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 says Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast Surging 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 Sydn...

By Luca Ittimani