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Australia's Home Auction Clearance Hits Yearly Low at 57%

3/26/2026

28 5 Full Breakdown

Summary

Story summary

In Australia, auction clearance rates have fallen to just under 57%, the year's lowest.
The number of homes for sale has reached levels not seen since 2021.
Two rate hikes and economic pressures from the war in Iran have eroded homebuyer confidence.
The typical mortgage rate has risen to about 6 percent.
First-time buyers have fallen by a quarter, while investors and upgraders gain market share.

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Story summary

In Australia, auction clearance rates have fallen to just under 57%, the year's lowest.
The number of homes for sale has reached levels not seen since 2021.
Two rate hikes and economic pressures from the war in Iran have eroded homebuyer confidence.
The typical mortgage rate has risen to about 6 percent.
First-time buyers have fallen by a quarter, while investors and upgraders gain market share.