Preliminary auction clearance results at lowest level since 2022 | ABC NEWS

Auction clearance rates have dropped as buyers confidence shifts due to the Iran war, rising interest rates and high petrol prices. The auction success rate fell to 60.9 per cent nationally, according to preliminary data from Cotality.
ABC Business Daily host Carrington Clarke explains what he's hearing from real estate agents about the housing market and the disconnect between what sellers want and what buyers are willing to pay.

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