Australia's auction clearance rate drops to 47.4 percent, lowest since April 2020
Australia's national auction clearance rate fell to 47.4 percent last week, marking the weakest level since April 2020. In response to softer market conditions, sellers are increasingly accepting pre-auction offers. Experts indicate that while auctions are evolving, they remain a key strategy in major markets like Sydney and Melbourne.
Summary by OZbrief Editorial · SBS News – Australia · Source
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Published 23 Jun 2026, 05:55 UTC · Updated 23 Jun 2026, 06:00 UTC
Summary by OZbrief Editorial. Original report: SBS News – Australia. Editorial policy · Corrections
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