Fading auction market signals house price falls
Australia’s auction market has continued to fade following the Reserve Bank of Australia’s (RBA) interest rate hike this month. According to Cotality, the national preliminary auction clearance rate declined to 68.0%, down from 70.7% last weekend (revised to 63.3% on final numbers) and 73.7% two weeks ago (revised to 66.1% on final numbers). This weekend’s


