Episode Details

Australian property auction clearance rates have fallen below 60 per cent for two consecutive weeks, with Sydney recording three straight weeks under this threshold as 1,899 homes went under the hammer across capital cities. New research from the Mortgage and Finance Association of Australia reveals nearly four in five mortgage borrowers feel neutral or negative about their financial outlook, with positive sentiment dropping almost 14 percentage points over six months. The market is now characterised as a 'five-speed housing market' with stark variations between states, while Jennifer Hawkins and Jake Wall's $45 million clifftop compound on Sydney's Northern Beaches exemplifies the growing wealth divide in Australian property.

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