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2026-11-01 12:26:24
[Australian auction clearance rate falls to six-year low, Melbourne holiday and interest rate hike expectations weigh on the housing market] (1) Australian house auction clearance rate falls to a six-year low, with Melbourne public holidays and interest rate hike expectations weighing on the country's residential property market. (2) Preliminary data from property research firm Cotality shows that 1,735 homes went to auction in major Australian capital cities in the past week, down 7.3% from the previous week and down 17.7% from the same period last year. (3) Due to the Melbourne Cup race day and public holiday on Tuesday, the number of homes auctioned in Melbourne dropped sharply by 38% week-on-week, offsetting the increase in auction volume in other capital cities such as Sydney.
