Auction results healthy but experts warn top-end property remains patchy
Posted in Market Updates, News, Research on Oct 25th, 2010
The auction market is still performing strongly but vendors of higher-end properties are opting for private sales instead of risking their home at auction, experts warn. Real Estate Institute of Australia president David Airey warns that although the Melbourne market recorded a 68% clearance rate, the top-end is still struggling with discounts a common occurrence. [...]
