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Real Estate Briefing - Categorized | Investment, Market Moves more

Australian property auction rates lag as buyers hold back

Posted on 21 November 2011

Auction results in capital cities continued their lacklustre run over the weekend. After promising results over the past few weeks, boosted by this month’s rate cut, auction clearance rates fell to the lowest level in months at the weekend.
Despite healthy crowds in Sydney and Melbourne, the auction market remains largely a spectator-only affair with about half of all homes being put to auction failing to sell under the hammer………………………………………..Full Article: Source


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