Live Updates > Live Update Details
2026-11-02 13:20:24
【Cotality: Australia’s housing market crisis worsens, auction clearance rate in capital cities drops to 47.2%】 (1) According to real estate research firm Cotality, the housing market crisis in Australia is worsening, with auction clearances falling to their lowest level since April 2020. (2) A total of 1,735 auctions were held in all capital cities last week, down 7.3% from the previous week and down 17.7% from the same period last year; the combined preliminary clearance rate in capital cities fell to 47.2% from 48.4% the previous week. (3) This weak data comes as the Reserve Bank of Australia is expected to raise interest rates for the fifth time this year, a day later.
