The suburbs where the most homes are failing to sell at auction
Auction clearance rates in Sydney and Melbourne's outer suburbs fell significantly in May, with rates as low as 33.8 percent in the Central Coast. Domain chief economist Dr. Nicola Powell indicated that the current market favors buyers, predicting further price declines as investor activity wanes amid rising interest rates and new taxation policies.
Summary by OZbrief Editorial · SMH · Source
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Published 22 Jun 2026, 19:00 UTC · Updated 22 Jun 2026, 19:10 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections
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