WITH Melbourne property prices continuing to fall in the past few months, vendors are experiencing a challenging 2011 market characterised by uncertainty.
RP Data-Risrnark reports that dwelling values across the city have dropped 3.6 per cent since the start of the year.
Combined with a clearance rate that has been below 60 per cent since May, it points to a market noticeably weaker than last year.
Although conditions may look to be favouring buyers, auction action has generally been quite reserved and hard to predict.
Click here for the rest of the article (Press Display Website)