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The Melbourne home auction market reported another strong result at the weekend, with buyer activity continuing to track at the highest winter levels since 2009.
Melbourne recorded an 80 per cent clearance rate on Saturday, just above the 79 per cent recorded the previous weekend and again ahead of the 75 per cent rate of the same weekend in 2014. The weekend result was the third consecutive Saturday increase in the clearance rate, with the market reporting remarkably consistent outcomes over the past month.
Unseasonably high auction numbers have provided no barrier to the August revival as confident sellers continue to flood the late-winter market. In total, 785 homes were listed for auction at the weekend, which – although down on last weekend's all-time record August offering of 950 auctions – was again well ahead of the 625 conducted during the same weekend in 2014."
