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Growing sense of optimism buoys Melbourne property market: APM

Posted on 12 April 2013

The Melbourne housing market is expected to pick up this year, with strong auction clearance rates and increased buyer activity, according to the latest market report from Australian Property Monitors (APM).
This is despite there being a big backlog of properties listed for sale and properties taking more than a month longer than in the past to sell. The latest report shows that average days on market in Melbourne increased from 102 days a year ago to 112 days as of February 2013 – well above the long-term average of 73 days………………………………………..Full Article: Source


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