A clearance rate of 79 percent was recorded during this weekend’s auction similar to last weekend’s rate with a median price of $821,000. During the same weekend last year, the clearance rate was 72 percent. A total of 860 auctions were reported to the Real Estate Institute of Victoria (REIV) with 680 selling and 180 being passed in. Of the total passed in, 84 were on a vendor bid. The total …
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