Market Report 11th July 2011

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Fewer auctions lift clearance rate THE winter stock drop continued yesterday, with about 450 properties up for auction.

But buyers faced the cold and their efforts saw a lift in the clearance rate to 68 per cent.

Agents and buyer advocates reported strong crowds at auctions, with particular interest in apartments. Fletchers Real Estate director Tim Heavyside reported one property in Zetland Rd, Mont Albert, that sold for $228,000 above its reserve of $1.15 million.

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