The Two-Sided Property Market: Why Renovated Homes Are Thriving While Others Struggle
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According to some sources the Victorian property market clearance rate was as high as 81% on the weekend or as low as 65%.
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Victorian Property Market Surges with 82% Auction Clearance Rate.
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With fewer than 400 auctions conducted over the weekend, some may argue it’s too early to draw firm conclusions about where the property market is headed in 2025. However, an 82% clearance rate is undeniably strong, and it raises an important question: Is confidence returning to the market?
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The Melbourne property market has recently exhibited signs of renewed interest, with the first weekend of auctions and open houses attracting substantial crowds. This uptick in activity suggests a potential shift in market sentiment, possibly driven by expectations of an interest rate cut and the prospect of a change in the federal government.
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