Real Estate & Home

Brisbane's clearance rate at its lowest since the Covid-19 pandemic

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Brisbane's auction clearance rate has fallen to its lowest point since the Covid-19 pandemic, with only 29% of homes selling at auction. This trend is attributed to rising interest rates and government tax changes, leading to a mismatch between buyer and seller price expectations despite strong underlying demand. Developers and professionals in the real estate technology sector may see this as an indicator of market shifts, potentially driving innovation in pricing models and buyer-seller facilitation tools.

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Brisbane's clearance rate at its lowest since the Covid-19 pandemic

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