Spring day fails to thaw out buyers

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THE warm spring weather attracted crowds to the weekend’s auctions but it was not enough to ease the general caution in the marketplace.

In what was the first auction weekend of the spring season, 470 auctions were reported to the REIV.

This time last year, there were 680 auctions and a clearance rate of 70 per cent. This year, however, despite fewer auctions, the weekend’s clearance rate was just 57 per cent.

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