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Auction clearances down

Staff Reporter 1 minute read

Property sales slumped this weekend with auctions delivering poor results in most markets according to data from Australian Property Monitors.

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Sydney’s lackluster weekend saw only 83 properties go under the hammer with clearance rates falling to 43.7 per cent from 49.3 per cent the previous week. Brisbane too experienced a significant drop in clearances from 34 per cent to just 24.4 per cent.

Adelaide’s property market however managed to clear 68.3 per cent of properties up for auction – a significant improvement on last weekend’s clearance rates of 44.4 per cent. 

Published 30-06-08 


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