Melbourne’s auction clearance rate improved to 68 percent on Saturday from last weekend’s 66 percent. The number of listed auctions was down to 1,366 while the number of reported auctions was 995. The number of properties sold was 685 from last weekend’s 718 with total sales amounting to more than $520,023,000. The median price was $819,000. Despite the rain, Melbourne’s southern and …
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