Rate Hike Fears Compound Housing Slump as Sellers Flee Auctions

The share of homes listed for auction has nearly halved from its March peak of 40.4% of new capital city listings, as vendors abandon the public sale process in droves. Faced with cooling buyer appetite from three rate rises and Labor's negative gearing overhaul, sellers are scrambling for private deals instead — a tacit admission that the auction floor no longer delivers.

Inflation Bombshell Stuns Mortgage Holders

July's CPI came in at 3.5%,...