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Further signs of slowing housing market

Sales slowdowns in Sydney and Melbourne are weighing on the national property market

There are further signs that the housing market is slowing down, with fewer properties sold last week from a year earlier.

Australia's auction clearance rate fell to 56.9 per cent for the week to June 17, from 66.7 per cent over the same period in 2017, according to property data firm CoreLogic.

CoreLogic reported non-auction house sales of 8,557 for the week, down from 9,908 in the comparable period the previous year, and 3,704 units selling, down from 4,288 a year ago.