Market Report 18th July 2010

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INVESTORS TAKE CENTRE STAGE YESTERDAY’S sunny morning weather left plenty of Melbourne vendors with that warm feeling that only a bonus hundred thousand dollars can bring.

The auction clearance rate was still well down on the same time last year at 72 per cent, but had improved from 68 per cent last week.

Agents reported sales at up to $420,000 above reserve in a day where developers and investors took centre stage.

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