Australia’s beloved house auctions are fading fast, as sellers ditch the hammer for private deals and buyers grow wary amid rising rates, shrinking incomes, and economic uncertainty. Clearance rates have plummeted from 70% to below 50%, while property listings surge — but not through auctions. Critics argue the auction system inflates prices and pressures buyers, sparking calls to ban street sales altogether. With investor tax changes and shifting market dynamics, Australia may be quietly rewriting its real estate playbook — questioning whether auctions still serve homeowners or just fuel speculation.
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