Auction clearance rates hit their lowest point this year

Auction clearance rates just hit their lowest point this year. Sydney's at 55%. Nationally, 57%. So what?!?

Five months ago we were expecting rate cuts and a strong market. Now we've had back-to-back hikes, mortgage rates are around 6% and first home buyer activity has dropped by a quarter.

Meanwhile, more homes are going to auction than at any point since late 2021. More sellers. Fewer buyers. The math has flipped.

This doesn't mean you shouldn't sell. But it changes how you need to sell. When buyers have more choice and less urgency, your pricing has to be sharper and your timing matters more.

That's the kind of market we're building helm for. When the market stops doing the work for you, your decisions have to.

Noticing the shift where you are?