Spring 2009 Property Review: Melbourne

MelbourneIT’s difficult not to draw parallels between the current Spring selling season, and that of 2007 when Melbourne was heading into a boom.
Now, like then, weekly clearance rates are over 80 per cent where they have been for months.
Auctions are well attended, too, and properties are consistently selling for more than their reserve prices – in part because of low interest rates luring prospective buyers to the market.

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