0234 GMT - Finding a pulse in Australia's property market is difficult at the moment, but it is there. The housing auction clearance rate gradually improved last week, rising to 52.6% from 49.3% the week prior, says property research group Cotality. It was the strongest result in 19 weeks. The improvement also came despite a higher volume of auctions with 1,585 auctions held across the combined capital cities, up from 1,431 the week prior. House prices are weakening as interest rates increase, with the downward momentum expected to continue in the coming months.
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