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The Canberra Times
The Canberra Times
Georgina Sebar

Canberra's auction clearance rate sinks below the 40 per cent mark

Alex Wang Gerard Burg Canberra ACT Cotality

Auction sales in the ACT have reached a seven-year low as uncertainty continues to discourage buyers.

Alex Wang from Archer Canberra said there had been significantly fewer buyers attending auctions in the territory after multiple rate rises, growing uncertainty in the Middle East and last month's federal budget.

"A lot of people are choosing to wait and see what's happened, what's going to happen," Mr Wang said.

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