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Sydney Real Estate Market Slows Down

Sydney Real Estate Market Slows Down

Published 1 week, 1 day ago
Description

Sydneys real estate market is experiencing a significant slowdown, with auction clearance rates plummeting to pandemic-era lows. This shift is largely attributed to the governments recent changes to negative gearing and capital gains tax, which have seemingly deterred investors. Meanwhile, other cities like Perth are seeing property price growth, creating a stark contrast in the market.

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This is an automated, high-level news summary based on public reporting.
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