‘Testing the market’: Unrealistic sellers pull properties from auction
Homeowners increasingly withdrew properties from auctions in Sydney and Melbourne over the past month as they responded to a rapidly changing market. In Sydney, withdrawals rose to 39.5 percent on the latest weekend, while Melbourne saw 16.4 percent. Experts attribute the trend to unrealistic seller expectations amid falling house prices and rising interest rates.
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Published 29 Jun 2026, 19:00 UTC · Updated 29 Jun 2026, 19:11 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections
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