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Saturday, September 26, 2026

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10:50 PMBloomberg Markets

Australia Home Auction Clearances Hit 10-Week Low as Rate Hike Looms

Summary

Australia's auction clearance rate fell to a 10-week low, with a long weekend in Melbourne and the prospect of higher borrowing costs weakening buyer sentiment.

The slowdown suggests buyers are becoming more cautious before any potential rate increase raises mortgage

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Why it matters

A weaker auction market could signal an early loss of momentum in Australian home prices.

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