Updated

Updated · The Australian Financial Review · Jun 14

Australia Auction Clearance Rate Stays Below 50% for 5th Week as Tax Changes Weigh

Updated

Updated · The Australian Financial Review · Jun 14

Australia Auction Clearance Rate Stays Below 50% for 5th Week as Tax Changes Weigh

1 articles · Updated · The Australian Financial Review · Jun 14

A fifth straight week below 50% is likely for Australia’s national auction clearance rate, extending a slide toward record lows in the housing market.
Cotality put the preliminary clearance rate for the week ended June 14 at 54%, but said late-reported results typically drag the final figure below the 50% mark.
Federal budget tax changes are continuing to deter buyers, adding pressure to an already soft market and limiting competition at auction.

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