Market Report 13th June 2010

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CLEARANCE RATES LIFT ON LAST WEEK AUCTIONS over the long weekend dropped to about 250 yesterday ahead of next week’s predicted record breaking sale flurry.

The REIV’s Robert Larocca said about 1000 auctions were expected next week — far more than any other winter weekend on record.

Yesterday’s clearance rate reached 77 per cent after last week’s slump to 69 per cent.

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