Market Wrap

Interest rates likely to rise as Melbourne’s two-speed market continues

The Melbourne property market continued through the third weekend of spring with a preliminary Domain auction clearance rate of 57% from 913 scheduled auctions. Of the 659 results reported, 374 properties sold, 80 were withdrawn and 205 passed in. The REIV also recorded 461 private sales across Victoria. Auction volumes were higher ahead of the…

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Interest rates likely to rise as Melbourne’s two-speed market continues

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