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Housing markets remain subdued, auction clearance rates for the weekend have revealed.
According to Australian Property Monitors (APM) the clearance rate for auctions in Melbourne was just 52.7 per cent – compared to 82.1 per cent on the equivalent weekend in 2007.
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In Sydney the clearance rate was 48.5 per cent compared to 59.4 per cent last year; in Adelaide clearance rates fell from 68.5 per cent in 2007 to 40.5 per cent over the weekend.
Published: 02-06-08
