Sydney and Melbourne housing auction clearance rate dives but Jeff Horn is priced out in Brisbane

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The number of homes being put up for auction across Australia has continued to plummet, quashing hopes of spring injecting momentum into the struggling market.
According to property researcher CoreLogic it was the “lowest preliminary clearance rate seen so far this year” at just 55 percent across Sydney and Melbourne.

Both markets were down by more than 500 on the same weekend as last week with owners of luxury homes tending to sell privately before auction.

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