Buyers sit onwallets

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THERE ARE SIGNS FROMALL SECTORS OF A WEAKENING MARKET AS THE CLEARANCE RATE CONTINUES TOFALL.

Melbourne’s auction market has posted its worst performance since the height of the global financial crisis, with nearly half of the properties offered failing to sell.

The Real Estate Institute of Victoria has downgraded lastweek’s clearance rate from 59 per cent to just 53 per cent, after tracking down scores of unreported auction results.

Click here for the rest of the article (Source: Pressdisplay Website)

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