Melbourne Property Update - 21 Oct 2012

Over 1000 sales recorded this week - Will the property market end spring on a home run?

The clearance rate is holding steady, this week coming in at 62 per cent compared to a revised 60 per cent last week and 53 per cent for the same week last year. On a positive note, increased spring ‘foot traffic’ is being evidenced by an uplift in the overall number of sales, which this week exceeded 1000 – a figure which hasn’t been achieved for a number of months. Read more.

Posted in: Property market

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