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Auction clearance rates have dropped as buyers confidence shifts due to the Iran war, rising interest rates and high petrol prices. The auction success rate fell to 60.9 per cent nationally, according to preliminary data from Cotality. ABC Business Daily host Carrington Clarke explains what he's hearing from real estate agents about the housing market and the disconnect between what sellers want and what buyers are willing to pay. Subscribe: http://ab.co/1svxLVE ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation. For more from ABC NEWS, click here: https://ab.co/2kxYCZY Watch more ABC NEWS content ad-free on ABC iview: https://ab.co/2OB7Mk1 Go deeper on our ABC NEWS In-depth channel: https://ab.co/2lNeBn2 Like ABC NEWS on Facebook: / abcnews.au Follow ABC NEWS on Instagram: / abcnews_au Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia