Sydney's auction clearance rate plummets to lowest level since COVID lockdown
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Source: 9News
Published: 2026-05-19 05:38 UTC+10:00
Section: National
Factuality Score: 100
Opinion Category: Neutral
Topics: Politics, Health, Property, Australia, Economy & Finance, Financial Markets, Tax & Budget, Property & Housing, Business & Economy
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Snippet:
Fewer than half of the homes listed for auction in Sydney sold over the weekend - the lowest rate since the early days of the COVID-19 pandemic.Last Saturday's auctions marked the first test of the market since the federal government announced an overhaul of negative gearing and Capital Gains Tax (CGT) last Tuesday.Interest rate hikes and rising inflation have brought about a softening in Sydney's housing market for several months now, bringing it to the edge of a significant downturn,
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