Rising mortgage costs and global economic anxiety are beginning to bite in Australia’s property markets. Reports from both Sydney and Melbourne indicate that certain types of homes are consistently passing in at auction — failing to attract a single bid that meets the reserve price. The trend signals a broader cooling, as buyers grow cautious amid uncertainty about interest rates and the health of the global economy. For a country where property has long been treated as a near-guaranteed investment, the shift is significant.
Walter Murrow
March 25, 2026
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