'Never going to be free': Sydney clearance rate plummets, more price falls to come The recent drop in Sydney's clearance rate to 48% is a stark reminder that the city's housing market remains volatile.
Preliminary auction results indicate a decline, but more data is needed to confirm this trend. A significant indicator of further price falls is the 5 percentage point drop in clearance rate from the previous week.
This suggests that buyers are becoming increasingly cautious and sellers may struggle to meet their asking prices. As one selling agent noted, "The property market is never going to be free.