The auction market in Melbourne recorded a clearance rate of 65 percent on Saturday, up from last weekend's of 61 percent. The number of scheduled auctions also increased to 1,124 from 756 the previous week. As for the number of reported auctions, the figure also increased to 880 with 595 properties sold. Total sales recorded was more than $435,086,000 while the median price was pegged at …
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