Brisbane auction clearance rates plunge to 30%

Brisbane's property auction clearance rate has plummeted to approximately 30%, down from three in four homes selling successfully at the same time last year, compared to the national average of 52%. The Gold Coast is experiencing similar declines at 32%, while the Sunshine Coast sits slightly higher at above 40%. High interest rates, cost of living pressures, and uncertainty following changes in the federal budget are driving the significant slowdown in property price growth across southeast Queensland.See omnystudio.com/listener for privacy information.