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Market Impact: 0.28
Australia Home Auction Clearance Rates Fall Amid Rate Hike Fears
Source: Bloomberg
Housing & Real EstateInterest Rates & YieldsMonetary Policy
Australia's residential property market remained subdued, with auction clearance rates declining during the week, according to Cotality. The weakness reflects growing expectations that the central bank could raise interest rates later this month, increasing affordability and demand risks for housing.
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