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Australia: Property sales will slow over summer as buyers are forced to become more realistic

Posted on 06 December 2010

From Smartcompany.com.au: The Australian property market will slow down over Christmas as sellers take their properties off the market, but will return next year with more “realistic” prices, one expert says.
The comment comes as the auctions market delivered another disappointing result over the weekend, with Sydney’s clearance rate falling under 50%, according to Australian Property Monitors. The number of Melbourne properties on the market has continued to exceed 1,000……………………………………….Full Article: Source


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