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Politics

Lucinda Garbutt-Young

DARK SECRETS: Auctions flop as home buyers digest rising rates - The Real Truth

Tim Lawless Cotality Australia Interest Rates the Reserve Bank

Auction clearance rates are dropping as buyers gain the upper hand in Australia's housing market. (Dan Himbrechts/AAP PHOTOS)

The number of homes selling at auction has dropped to a three-month low as rising interest rates hit would-be buyers' budgets.

The national preliminary clearance rate on Saturday was 48.2 per cent, compared with 67.4 per cent at the same time in 2025, according to housing data firm Cotality.

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One subscription that gives you access to news from hundreds of sites

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