The weekly auction clearance rate fell to its lowest nationally so far this year with buyers and sellers taking a break over the long weekend, disrupting an advancing recovery in the housing market.
The number of auctions scheduled fell sharply in the past week, down by more than half on the previous week as most states recognised the King’s Birthday long weekend.
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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
