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Real Estate Market News
Consolidation of Market Continues
There is no doubt that the Melbourne housing market has come off the “high” it was on this time last year. The average number of bidders at auctions has declined as a result of the Federal Government’s actions in relation to foreign buyers and their tightening of lending through APRA.
The good news is that the market that we are currently experiencing is a more sensible, sustainable and normal market, and as I have said in recent weeks, is a better market in the long term for both buyers and sellers.

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