The Daily News Now!
25 May 2026
Housing auctions are crashing nationwide as sales plummet to just 53 percent—down sharply from last year—with Brisbane hitting a dismal 19 percent. Rain kept buyers indoors in Sydney and Melbourne, but the real culprit? Skyrocketing interest rates and stubborn inflation. After three hikes this year, tighter budgets and global uncertainty are chilling demand. Adelaide’s the lone bright spot, bucking the trend—but experts warn the slide could deepen if rates keep climbing. Homes are piling up as buyers pull back, marking a stark reversal from the overheated market of just months ago. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:advertise@thednn.ai This is an automated, high-level news summary based on public reporting.Report issues to feedback@thednn.ai. View sources & latest updates:https://sources.thednn.ai/2ba0f4d386b18282
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