Where auction clearance rates are holding up despite investor 'wipe out'
Australian property auction clearance rates have dropped significantly following federal budget changes to negative gearing and capital gains tax. While investors have largely exited the market, some affordable outer-ring suburbs continue to see steady sales.
Why it matters
The shift in auction performance reflects the sensitivity of the real estate market to government fiscal policy and tax reform.
Property experts say investors have largely abandoned the residential auction market, though buyers in some pockets continue to face stiff competition.
The article balances market data with expert quotes to explain a complex economic trend.
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