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5 October 2026

Auction clearance rate sinks to three-month low as property market slows

Downunder Voices Newsroom

Source reporting: abc.net.au

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Auction clearance rate sinks to three-month low as property market slows

Australia's auction clearance rate has slumped to a three-month low, while new data shows the number of unsold homes has surged by more than 20 per cent in the past year.

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Orient Overseas Container Line (OOCL) will launch its new Transpacific Latin Atlantic Service 3 (TLA3) in mid-December 2026. The weekly service will connect major Chinese export gateways with Brazil, Uruguay and Argentina. The TLA3 rotation will be: Ningbo – Shanghai – Shekou – Singapore – Santos – Navegantes – Montevideo – Buenos Aires – Navegantes – Santos – Coega – Singapore – Hong Kong – Ningbo. Calls at Coega in South Africa and Hong Kong remain subject to confirmation. The service will provide direct connections from Ningbo, Shanghai and Shekou to Santos and Navegantes in Brazil, Montevideo in Uruguay and Buenos Aires in Argentina.

Source: Container NewsOriginal source