Jim Chalmers says fewer homes selling at auction may be a ‘good thing’ for first-time buyers
المصدر: The Guardian World | Source: The Guardian WorldAuction success hit a new low for the year on the last Saturday in May, with just 54.5% of homes sold
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The treasurer, Jim Chalmers, has suggested falling auction clearance rates may be a “good thing” for first home buyers if it means they aren’t competing against as many property investors.
After data was released showing home prices in Australia’s capital cities had begun to fall and buyers were abandoning auctions, Chalmers on Monday said Labor’s proposed property tax reforms weren’t the only thing slowing the housing market.
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This article was originally published by The Guardian World. Khabr is a licensed Jordanian AI-powered news platform (Registration #82086). We add editorial value through: AI-powered news analysis, automated summaries, AI audio narration, multi-language translation (Arabic, English, French, Turkish), and AI fact-checking. Our mission is to make news more accessible and understandable for Arabic-speaking audiences worldwide.
