Sunshine keeps Melbourne market steady

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‘‘STEADY as she goes’’ seems to characterise the 2011 market so far, after another week of clearance rates in the mid-60s.

Following the long weekend, Melburnians were back out in the sunshine, attending the 881 auctions held on the weekend.

The clearance was 66 per cent, with agents and buyer advocates reporting some strong results.

Wakelin Property Advisory director Paul Nugent said although buyers were quite active, it was vendors who were driving the market.

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

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