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Property prices plummet as auction clearance rates crash | Sunrise

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4,691 views80likes4:30sunriseOriginal Release: 2026-06-28

Government policies aimed at helping first home buyers enter the property market by reducing investor competition have contributed to a significant property market downturn, with Sydney home values projected to decline by over $120,000 and Melbourne by $84,000 over 12 months, while auction clearance rates have fallen to levels not seen since the Global Financial Crisis.

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