Rates rise triggers auction clearance rates collapse

By David Olsen · 10 May 2010 · Cashflow

Auction Chaos: Rates Rise Takes Its Toll

Australia's property market is in crisis mode. Find out which cities are being hit hardest by the Reserve Bank's interest rate hikes.

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Summary

Auction clearance rates have collapsed in three of Australia’s largest markets, after successive interest rate increases from the Reserve Bank. Listings were also down in Sydney, Melbourne and Adelaide.

Tags: Auction, Australian Property Monitors, Catherine Cashmore, Interest rate, Rba