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Auctions still weak

Staff Reporter 1 minute read

Weekend auction activity failed to pick up again despite the first home owner boost and the prospect of further rate cuts.

According to The Australian Financial Review, just half of Melbourne’s properties up for auction went under the hammer.

Australian Property Monitors data also showed Sydney’s clearance rate was just 43 per cent, while in Adelaide and Brisbane just 35 and 27 per cent of auctions cleared.

Published: 03-11-08

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