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Housing market experiences spike in auction clearance rate | Sky News Australia

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.HIA_au’s Geordan Murray: Housing affordability is the best it’s been for quite some time in the Perth market. It is still quite tight in Sydney and Melbourne, but it’s certainly a lot better than it was two years ago. MORE: firstedition

An increase in confidence in Australia's housing market could help ward off a slowdown in the country's economy.

Data from CoreLogic has found the auction clearance rate at the weekend in Sydney increased to 78 per cent, a rise of six per cent from the week prior. The increase follows a drop in interest rates to a record low of one per cent, followed by the passing of the government's income tax cuts through parliament.

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HIA_au HIA is biased! Abbruzzese (see pic) is HIA, and led efforts to cover up findings. Wh you? Dodgy HIA contracts.

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