Jim Chalmers says fewer homes selling at auction may be a ‘good thing’ for first-time buyers
Treasurer Jim Chalmers has indicated that lower auction clearance rates might benefit first-time home buyers by reducing competition from property investors. Recent data shows that only 54.5% of homes sold at auction, marking a significant decline. Chalmers believes that easing the market for first home buyers is a positive development amidst broader economic challenges.
- ▪Auction success hit a new low for the year with just 54.5% of homes sold.
- ▪Chalmers suggested that fewer auction sales could help first-time buyers compete better.
- ▪The Albanese government plans to reform property tax concessions to slow the housing market.
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The treasurer, Jim Chalmers, has suggested falling auction clearance rates may be a ‘good thing’ for first home buyers. Photograph: Lukas Coch/AAPView image in fullscreenThe treasurer, Jim Chalmers, has suggested falling auction clearance rates may be a ‘good thing’ for first home buyers. Photograph: Lukas Coch/AAPJim ChalmersJim Chalmers says fewer homes selling at auction may be a ‘good thing’ for first-time buyersAuction success hit a new low for the year on the last Saturday in May, with just 54.5% of homes sold Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast Catie McLeod Consumer affairs reporterMon 1 Jun 2026 03.25 EDTLast modified on Mon 1 Jun 2026 03.41 EDTSharePrefer the Guardian on GoogleThe treasurer, Jim…
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