
Australia’s spring auction season opened with far fewer homes offered than a year earlier, while auction clearance rates remained broadly stable, according to Cotality data.
8:42 PMBloomberg Markets1 story from 1 source
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Australia’s spring auction season opened with far fewer homes offered than a year earlier, while auction clearance rates remained broadly stable, according to Cotality data.
8:42 PMBloomberg Markets
Summary
Australia’s spring auction season opened with far fewer homes offered than a year earlier, while auction clearance rates remained broadly stable, according to Cotality data.
The sharp drop in auction volume points to tighter available supply or greater seller caution,
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Lower listings could keep housing competition and prices resilient even as overall market activity weakens.
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