Budget tax reforms blamed for auction slump

The Australian government's budget tax reforms are being linked to historic low auction clearance rates, despite official claims that the high 4.35% cash rate is primarily responsible. Property intelligence firm PropTrack analysts note an obvious decline in auction clearances since the budget announcement. Logan City Mayor John Raven and Western Sydney Women founding director Amanda Rose debate whether the government is downplaying the impact of budget changes on housing market confidence and investor behaviour.See omnystudio.com/listener for privacy information.