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Sydney struck an 86 per cent rate from 480 auctions, according to APM, with a median price of $900,000, considerably higher than the $760,000 median house price in Melbourne.
However, there are a further 143 results to be reported to the REIV, which could bring down the final clearance rate. The previous weekend saw an initial 71 per cent slip to 70 per cent after all the results were tallied.
Despite the strong results, some vendors and agents are nervous enough to take an early offer, with 112 properties selling before auction. And of the 201 properties that passed in, 107 did so on a vendor's bid.
Source: SMH Auction Clearance Rate Rebound
Link: http://m.smh.com.au/business/auction-clearance-rates-rebound-20131013-2vgnn.html |
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