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Hopes of an interest rate cut have yet to translate to the property markets the weekend’s auction results have revealed.
Auction clearance rates were down in the nation’s two biggest markets over the weekend to just 47.6 per cent in Sydney and 47.1 per cent in Melbourne.
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These results were down by around eight per cent from the weekend prior and well down on the corresponding weekend in 2007.
Published: 11-08-08
