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Sydney Home Auction Activity Weakens as Costs, Tax Changes Weigh

Sydney Home Auction Activity Weakens as Costs, Tax Changes Weigh
Bloomberg Markets Sunday 28 June 2026, 05:48 UTC By Ainslie Chandler 1 min read
Key Points

Sydney Home Auction Activity Weakens as Costs, Tax Changes Weigh Sydney posted its weakest weekend home auction clearance rate in more than six years as higher interest rates and property tax changes dampen activity and weigh on prices, after years of rapid gains. Sydney’s clearance rate was 47.3%, the lowest since April 2020, preliminary figures from property consultancy Cotality show. Melbourne’s was 40.2%, the lowest since September 2021.

Sydney Home Auction Activity Weakens as Costs, Tax Changes Weigh Sydney posted its weakest weekend home auction clearance rate in more than six years as higher interest rates and property tax changes dampen activity and weigh on prices, after years of rapid gains. Sydney’s clearance rate was 47.3%, the lowest since April 2020, preliminary figures from property consultancy Cotality show. Melbourne’s was 40.2%, the lowest since September 2021.
Sydney Home Auction (ORG) Sydney (LOCATION) Cotality (ORG) Melbourne (LOCATION)
Originally published by Bloomberg Markets Read original →

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