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House-hunters face spring sale shortage in market slump
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PerthNow
Home owners are worried about their ability to achieve their desired prices in a falling market.
(Darren England/AAP PHOTOS)Home owners are worried about their ability to achieve their desired prices in a falling market.
Low auction clearance rates generally point to falling property prices and a weak sales market.
National property prices fell 0.7 per cent in July, the largest drop in a single month since December 2022, based on Cotality's figures.
Mr Lawless said current clearance rates pointed to continued downward pressure on home values.