Melbourne posts highest clearance rate in 4 years

After hosting more than 1000 auctions for the first time this year, Melbourne finished the auction weekend with a much more impressive statistic, posting the highest clearance rate in 4 years at 79%. The clearance rate posted in the same time last year was at 69.5%.

Data shows a steady improvement in the housing market over the years, with vendors able to sell properties at a high clearance rate despite a rise in home values.

Read more about this on the Property Observer website.

Author: Dorian Traill

Dorian Traill is the current Director of Grand Capital Finance Group and Fountain Property Group. He specialize in home loans for people as well as helping them build wealth through quality investment properties that ultimately lead to long term financial freedom.

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