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Real Estate Market News
FALL IN THE CLEARANCE RATE CREATES A HEALTHIER MARKET

As we have seen in Melbourne over the last couple of weeks, the auction clearance rate, although still strong, has fallen slightly.

In my opinion, this should give buyers added confidence for a number of reasons:
1) it could now be easier to find a property in their price range, and
2) interest rates are more likely to remain on hold for a longer period if some heat does come out of the market.

And for all concerned buyers and sellers, this creates a more sustainable and stable market over a longer term.

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