Auction clearance rate rises

Melbourne’s auction market has shown a slight improvement today following a drop off in the number of properties put under the hammer.
Nanjing Night Net

The Real Estate Institute of Victoria said the premilinary clearance rate is 59 per cent for the 424 auction results reported to the group. The outcome of another 57 scheduled sales have not been reported.

Last week, the sales level was hovering close a new low at 55 per cent for the 597 properties put up for sale.

This story Administrator ready to work first appeared on Nanjing Night Net.

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