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Melbourne still lags in Australia’s property markets

Posted on 01 October 2012

It won’t be until 2014 when commercial, industrial and residential real estate markets in most Australian major cities begin to recover, according to a new report from the Australian Property Institute. Melbourne, particularly, still waits for home prices to hit rock bottom.
Listings at brokerages and at auction houses are down as potential sellers hold back placing their properties on market, waiting for a price rebound, according to the Institute’s survey called Australian Property Directions………………………………………..Full Article: Source

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