Australian Property Enters Sustained Downturn as Productivity Commission Proposes Radical Supply Overhaul

53% — Sydney's preliminary auction clearance rate last week, below the 60% threshold considered a balanced market and consistent with falling prices, with national rates below 60% for the 12th consecutive week.

Money Moves

• Auction clearance rates stuck in the doldrums — National early clearance rates are hovering in the mid-50 per cent range, a level that signals continued price weakness across major markets
• **Sydney median house price falls...