Sean Aylmer

Yes, though house price growth, where there is growth, is weakening in most markets.

Although Perth and Darwin are still doing pretty well.

They recorded growth of 1.5% last month, highlighting the multi-speed conditions across the capitals.

ACT values also fell last month.

Brisbane and Hobart rose at 0.9%.

Adelaide...

0.5%.

As prices are falling, so too is the auction clearance rate with the preliminary figure for the past week coming in at 54.5%.

That is the lowest rate since April 2020 during COVID.

When we get the final figure, it will almost certainly be under 50%.

Brisbane's preliminary clearance rate came in at just 43%.

Canberra, 39%, the lowest since June 2019.

Sydney was at 52%.

That final number will definitely come in under 50%, more like the mid-40s or so.

Melbourne came in about 58%.

Probably.

Now, Tim Lawless, the great Tim Lawless, Cotality's research director, friend of the show.

He would love to be described as the great Tim Lawless, isn't it?

That's fantastic.

He's a good man, Tim.