The Australian property market has been experiencing a slowdown in recent months, despite high clearance rates at auctions.
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With an ever decreasing number of auctions due to Winter, school holidays and lack of confidence in the market we are still seeing a consistent clearance rate, but sometimes you need to scratch the surface to find out why.
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A clearance rat of 78% was achieved on the weekend but with the low stock levels is that the main driver.
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With a bumper weekend of auctions we saw the clearance rate hold steady at 75%.
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With nearly double the number of properties selling privately, auctions are indeed facing challenges in the Melbourne real estate market.
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