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Clearance rates still struggle

Staff Reporter 1 minute read

Nationwide auction clearance rates rose slightly to 46.2 over the weekend but were still substantially down from activity the same time last year (63.5 per cent).

According to Australian Property Monitors (APM), only 117 of the 223 properties listed for auction in Sydney this week actually went under the hammer.

Melbourne results were on par, where just 165 of the 296 properties listed sold.

Published: 16-06-08

Clearance rates still struggle
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