Episode Details

A top auctioneer with 30 years in the game just called Saturday the worst day of his career—zero bidders at six auctions, a first in his experience. Major cities like Sydney, Brisbane, and Melbourne are hit hardest as the national auction clearance rate plummets to 54%, with Brisbane seeing over two-thirds of auctions fail. Sellers are fleeing public listings, opting for private sales instead, driven by falling prices and looming interest rate hikes. Surprisingly, polling shows most Aussies actually want property values to drop—many say they’d need a 20% plunge to afford a home. The market is fractured, with Sydney, Melbourne, and Brisbane bearing the brunt of this historic slowdown.

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