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Market Confidence Lacks as Australian Auction Clearance Rate Falls Below 50% for the First Time | Residential Auctions
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Since the Labour government introduced property tax reforms in its budget, market confidence has declined, and the clearance rate for residential property auctions has remained sluggish. Last week, the preliminary clearance rate across Macau dropped to 47.4%, marking the first time the auction clearance rate has fallen below 50% since the outbreak of the pandemic.
·New York, United States
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