Auction clearance rates continue to hover under 50% – as it happened
And so a whole bunch of factors, but also not one homogeneous market … The Treasury assumes that prices will continue to grow but a bit more slowly. And we see no reason at this point to change those assumptions.
- ▪And so a whole bunch of factors, but also not one homogeneous market … The Treasury assumes that prices will continue to grow but a bit more slowly.
- ▪And we see no reason at this point to change those assumptions.
Opening excerpt (first ~120 words) tap to expand
30m ago20.29 EDTAuction clearance rates remain below 50% nationallyCircling back to the treasurer’s appearance on Insiders, Jim Chalmers was quizzed over falling housing prices in the market – good news for those hoping to enter the market.He was asked if there was a point at which the federal government would be concerned prices have come down too far, for instance, a 10% drop.He said Labor wasn’t targeting a “particular price” or a “particular percentage” but it was right the market had softened, “though not uniformly”.
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