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From: Peter Davidson
Interesting. The clearance rate for auctions for Melbourne this weekend was below 80% for the first time in 6 months! Market jitters or vendor expectations too high?
I'd say both and what's the bet clearance rates fall even further in the next few weeks/months as people begin to realise that property is overpriced and that interest rates are not going to stay low forever.
Regards,
Pete.
Interesting. The clearance rate for auctions for Melbourne this weekend was below 80% for the first time in 6 months! Market jitters or vendor expectations too high?
I'd say both and what's the bet clearance rates fall even further in the next few weeks/months as people begin to realise that property is overpriced and that interest rates are not going to stay low forever.
Regards,
Pete.
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