1,790 Australian capital city homes scheduled for auction declined 11.8% week-on-week; Melbourne auction volumes fell 24%.
Auction market sees slowdown: Capital city homes scheduled for auction in Australia declined 11.8% week-on-week to 1,790, according to CoreLogic. Melbourne auction volumes fell 24% week-on-week, while Sydney and Perth saw increases. The auction slowdown comes as confidence in the state's property industry in Victoria hits its lowest point since 2020 lockdowns.
July 04, 2024
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