{"id":781652,"date":"2026-07-06T01:17:10","date_gmt":"2026-07-06T01:17:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/781652\/"},"modified":"2026-07-06T01:17:10","modified_gmt":"2026-07-06T01:17:10","slug":"housing-market-australia-property-auction-clearances-below-50-per-cent-for-the-week","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/781652\/","title":{"rendered":"Housing market Australia: Property auction clearances below 50 per cent for the week"},"content":{"rendered":"

Buyers continue to shun the housing market<\/a> around the country as national auction clearance rates stayed south of 50 per cent for the third week in the row.<\/p>\n

Cotality data showed the week\u2019s preliminary success rate at 49.8 per cent, with official figures expected later this week.<\/p>\n

\"ANZ<\/p>\n

Clearance rates have been tumbling as a wet winter collides with changes to property investment.\u00a0Peter Rae\/The Sydney Morning Herald<\/p>\n

That was down from a preliminary rate of 49.2 per cent the week before, which eventually resolved as a 45 per cent clearance rate.<\/p>\n

It\u2019s likely this week\u2019s preliminary rate will also be revised downward.<\/p>\n

The government\u2019s changes to negative gearing<\/a> continue to put off investment buyers, but the winter is traditionally a weaker time for housing sales.<\/p>\n

Cotality recorded a 17.2 week-on-week decline in listings, while the volume on the market was 19 per cent lower than this time last year.<\/p>\n

The new figures come on the heels of Cotality revealing its national home values index had fallen 0.4 per cent in June, the largest monthly decrease since December 2022.<\/p>\n

Sydney<\/a> led the way with a 1.2 per cent decline, followed by Melbourne<\/a> with a 1 per cent drop.<\/p>\n

The June numbers show the national measure peaked in March, with values down 0.7 per cent through the June quarter.<\/p>\n

\u201cThe downward revision reflects a market that is changing rapidly,\u201d Cotality research director Tim Lawless said.<\/p>\n

\u201cMost regions have seen values revise lower over recent months, with the largest downgrades occurring in Perth<\/a> and Brisbane<\/a>, where the May index has been revised 88 and 53 basis points lower with the June update.\u201d<\/p>\n

Home sales in capital cities in the three months to June were estimated to be 16.2 per cent lower than the same period in 2025, and 14.5 per cent below the five-year average.<\/p>\n

\u201cSuch low clearance rates indicate a mismatch between buyer and seller pricing expectations. Buyers now have more stock to choose from and less urgency in their decision-making,\u201d Lawless said.<\/p>\n

He said an \u201carray\u201d of factors were contributing to the weaker market.<\/p>\n

\u201cEven before interest rates<\/a> rose by seventy-five basis points, we were seeing affordability hurdles weighing on buyer demand,\u201d he said.<\/p>\n

\u201cHigher cost-of-living<\/a> pressures, deeply pessimistic sentiment and a further dampening of demand via property taxation changes announced in the federal budget are all contributing to weaker housing conditions.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Buyers continue to shun the housing market around the country as national auction clearance rates stayed south of…\n","protected":false},"author":2,"featured_media":781653,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[64,63,99],"class_list":["post-781652","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-au","tag-australia","tag-business"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/781652","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=781652"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/781652\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/781653"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=781652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=781652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=781652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}