Australia Home Auction Clearances Hit 10-Week Low as Rate Hike Looms
Posted by MarketsWire
A lower auction clearance rate can point to softer housing demand and may affect expectations for property prices, rents, and related investments. The prospect of higher borrowing costs could also pressure heavily indebted households, banks, and companies exposed to the property market. Have you noticed any change in housing activity or borrowing conditions in your area?