It may be worse than we thought

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CRITICS BELIEVE SOME AGENTS ARE MANIPULATING AUCTION FIGURES.

The health ofMelbourne’s auction market may beweaker than reported, with new figures casting doubt on the accuracy of the selfreporting system used by the Real Estate Institute of Victoria.

The REIV has reported that the clearance rate is averaging 60 per cent for the year to date, but a Sunday Age analysis of its data suggests the figure could be lower.

Critics, including some estate agents, argue that the self-reporting system is being manipulated by some agents who withhold passed-in and no-sale results in a bid to protect their image.

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