Australia’s auction clearance rate slips below 70 per cent as market cools - Sydney Morning Herald

The record level of homes on the market has forced sellers to adjust their expectations or risk being left behind as part of the one-third of homes that are not finding buyers at auction.

Domain chief of research and economics, Nicola Powell, said auction markets were losing steam. Conditions are still favourable for sellers, but as the months tick on were going to see more and more … [+2451 chars]

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