Combination of rate hikes, indebted households, tax changes shaking buyer confidence | ABC NEWS

Sydney's auction clearance on the weekend dropped to 49% while Melbourne rose to 61%.  In Brisbane, it was 55%, while Adelaide recorded 75%. 
Tim Lawless says buyer sentiment was already on a downward trajectory before the budget changes to negative gearing and the capital gains tax discount. He says a combination of high interest rates, tighter lending, indebted households and the tax changes announced in the budget could be spooking buyers.

Subscribe: http://ab.co/1svxLVE
Read more here: https://www.abc.net.au/news/2026-05-18/why-is-australias-interest-rate-high-compared-to-other-countries/106655098

Note: In most cases, our captions are auto-generated.

#ABCNEWS #ABCNEWSAustralia