Know Your Market April 17th 2011

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REAL estate experts are tipping a rise in behind-closed-door home sales as Melbourne’s auction fever fizzles.

Tough negotiators will be the biggest winners as the exploding house prices of last year cool, analysts say.

Victoria’s clearance rate for 889 reported weekend auction results was 62 per cent, compared with 83 per cent at the same time last year.

Click here for the rest of the article (Herald Sun Website)

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