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Buyers cut back in for bargains
BARGAIN-hunting buyers were back in the property market over the weekend looking to cash in on last week’s interest rate cut.
Real Estate Institute of Victoria figures showed a 55 per cent clearance rate of 741 properties across the state.
REIV chief executive officer Enzo Raimondo said Melbourne’s northeastern suburbs, such as Heidelberg, Doncaster and Greensborough, were among the best-performing, with a 77 per cent clearance rate.
“It just confirms that people are looking for affordable housing close to the median price or below,” he said.
Read the full article here: http://www.news.com.au/heraldsun/story/0,21985,24765579-5013926,00.html
Paul Castran.
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