Australia auction clearance rate hits 10-week low as rate hike looms

Bloomberg · 6 hours ago
  • Australia’s auction clearance rate declined to a 10-week low.
  • A long weekend in Melbourne and the threat of higher borrowing costs weighed on sentiment.

Quotes

“Australia’s auction clearance rate declined to a 10-week low as a long weekend in Melbourne and the threat of higher borrowing costs weighed on sentiment.”— Bloomberg

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