27.02.2012 - Australia: Confidence returns to residential property market
Confidence returned to the residential market over the weekend with the auction clearance rate climbing to 63 per cent from 772 auctions, according to the Real Estate Institute of Victoria. It was the first major sales weekend for the year, and was widely seen as a ''litmus test'' for the health of the market. Agents and buyer advocates reported their results with some relief yesterday, saying the improved rate showed greater confidence on the part of buyers and realism from vendors...............................................Full Article: Source
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