Minister grilled after Treasurer contradicts housing sector correction claim as clearance rates fall

Liberal MP Aaron Violi has grilled Housing Minister Clare O’Neil after Treasurer Jim Chalmers disagreed with her claim the real estate market was facing a “correction” as auction clearance rates sink to their lowest levels since the Covid pandemic. “This morning, the housing minister told the ABC the housing sector was facing a market correction,” Mr Violi said during Question Time on Wednesday. “A couple of hours later, the treasurer said the housing sector was not facing a market correction. “With auction clearance rates now at their lowest levels since the pandemic, who is telling the truth – the housing minister or the treasurer?”