Mixed picture but market holds firm

DESPITE the volatility of the sharemarket, Melbourne's property market is holding relatively firm due to underlying demand. At the weekend, 431 auctions were reported to the REIV, producing a clearance rate of 57 per cent. The clearance rate is much lower than the 67 per cent recorded from the 598 auctions held this time last year, but different segments of the market are painting a mixed picture.

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Impressive 2 Storey Terrace

$569,900