Broad-based correction across all cap cities as auction clearance rates below 50 per cent | ABC NEWS
Jun 22, 2026•Channel
AI Analysis
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Video Overview
Video Details
Published5 days ago
Duration5:09
Video IDYkDIpgeO2Xc
Languageen
CategoryNews & Politics
PrivacyPublic
Made for KidsNo
Video TypeRegular Video
Performance Metrics
Views23.9K
Likes288
Comments219
Engagement Rate2.12%
Likes per 100 views1.21
Comments per 1K views9.18
Video Tags
#australia#abc#abc news#news#business news#real estate australia#first home buyers#house prices#property prices australia#housing market#interest rate decision#interest rates#real estate news#property investment australia#real estate#economic news#economy#housing#rental crisis australia#australian house prices
Description
Auction clearance rates fall to lowest level since the outbreak of COVID-19 in March 2020. Louis Christopher from SQM Research says it's not the depth of the falls, but the length of the falls. There have been weak auction clearance rates since mid-February with buyer and seller confidence very low. A combination of the Iran war, interest rate hikes and tax reform changes is to blame for the correction.
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