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Australia Home Auction Clearances Hit 10-Week Low as Rate Hike Looms

Australia’s auction clearance rate declined to a 10-week low as a long weekend in Melbourne and the threat of higher borrowing costs weighed on sentiment.

This article was originally published by Bloomberg Markets and is republished here under license.

Australia’s auction clearance rate declined to a 10-week low as a long weekend in Melbourne and the threat of higher borrowing costs weighed on sentiment.

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