Australia sees notable decline in property auction rates
Follow
the podcast on
Recent data out of the Australian property market shows auction rates have hit a historic low point.
New figures from property research firm Cotality show a preliminary clearance rate of 49.2 per cent for the past week - with fewer homes finding a buyer.
Australian correspondent Murray Olds says the recent Budget has made investors less confident in the housing market.
LISTEN ABOVE
Take your Radio, Podcasts and Music with you
Get the iHeart App
Get more of the radio, music and podcasts you love with the FREE iHeart app. Scan the QR code to download now.
Download from the app stores
Stream unlimited music, thousands of radio stations and podcasts all in one app. iHeart is easy to use and all FREE
