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Auction market plumbs new low as buyers thin

Australia’s auction market continues to plumb new lows, with clearance rates falling to their lowest level nationally since the depths of the COVID lockdowns in April 2020.

  • Australia's auction market hit new lows with clearance rates at their lowest since April 2020.
  • Sydney's clearance rate dropped below 50% for the first time this spring.
  • Brisbane's clearance rate fell to 25.3%, the lowest since September 2021.

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