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Australia’s housing green shoots wither away

The weekend of 8-9 August suggested the nation’s housing market might be stabilising after the national auction clearance rate hit a 12-week high of 51.4%, following 10 consecutive weeks in the 40s.

  • Housing market clearance rate reaches 12-week high of 51.4%
  • Sydney experiences severe decline in market sentiment
  • Dwelling values drop 1.09% across major capitals

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