✉news BusinessReal Estate first seen 10 h ago, last 42 min ago, peak #25
Australian auction clearance rate hits 10-week low on rate hike fears
Original: Australian home auction clearance rate hits 10-week low as looming rate hike threatens deeper slowdown
Australia's home auction clearance rate has fallen to its lowest level in ten weeks, and analysts warn that an expected interest rate rise could deepen the slowdown in the housing market. The dip suggests buyers are pulling back amid borrowing-cost uncertainty, with a weakening auction season pointing to further cooling in property prices.
Why now: An expected rate hike is raising fears of a deeper housing market slowdown.
AustraliaReserve Bank of Australia
Rank over time, top of the chart is #1. 4 snapshots from 4 h ago to 42 min ago.
Evidence
- Australian home auction clearance rate hits 10-week low as looming rate hike threatens deeper slowdown · The Business Times
API: https://socialmediatrends-api.osmike.com/v1/trends/69317