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Melbourne auctions recorded a disappointing result on the weekend, newly released figures today revealed.
Of the 28 properties put up for sale on the 7 February just 48 per cent were sold, according to Australian Property Monitors.
This compared to a clearance rate of 75 per cent the weekend before and a clearance rate of 78 per cent in Sydney on the weekend just passed.
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Melbourne’s auctions market did however manage to perform better than those of Adelaide and Brisbane which reported clearance rates of 43 and 38 per cent respectively on Monday.
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