Canny buyers seek shelter from the storm

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IN THE cold, wet and windy Melbourne weather, it’s the determined buyers who are stepping out to bid on properties that tick all the boxes.

A total of 518 auctions was reported at the weekend, with a clearance rate of 56 per cent — the lowest since early February.

However, Angelo Bafunno from Thomson Real Estate in Northcote said the rate varied across Melbourne.

‘‘ In our area, in Northcote, I think the market clearance would be up around 80 per cent, which indicates that inner suburbs are selling well,’’ he said.

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

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