✉news BusinessReal Estate first seen 15 h ago, last 1 h ago, peak #25
Australian auction clearance rate falls to 10-week low
Original: Australian home auction clearance rate hits 10-week low as looming rate hike threatens deeper slowdown
Australia's home auction clearance rate has dropped to its lowest level in ten weeks, a sign that the country's housing market is cooling. Analysts point to the prospect of another interest rate hike by the Reserve Bank of Australia, which could raise borrowing costs further and deepen the slowdown in property demand and prices.
Why now: Concerns that an imminent interest rate rise will further weaken Australia's housing market are drawing attention to the weakening auction data.
AustraliaReserve Bank of Australia
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- Australian home auction clearance rate hits 10-week low as looming rate hike threatens deeper slowdown · The Business Times
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