Market Report 6th February 2011

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DOWNPOUR FAILS TO DAMPEN SALES DESPITE waking up to a soggy Saturday, vendors pushed ahead yesterday placing homes under the hammer as floodwater receded across the state.

More than 180 auctions took place yesterday as Melburnians mopped up their properties in the wake of vicious storms and flooding.

The clearance rate was 63 per cent, off a low of 47 per cent last week.

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