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