04.06.2012 - Australia: Housing market "becalmed" – but analysts have found one positive signal to hold on to
The bleak winter for Australia's property market looks set to continue, with another weekend of moderate auction results suggesting price falls seen in May could extend into June. While the Real Estate Institute of Victoria said Melbourne's clearance rate rose to 60% on the weekend, up from 57% last weekend and 56% last year, the industry body said conditions remain subdued...............................................Full Article: Source
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