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Melbourne overtook Sydney in October to show the most rapid housing market recovery trend. CoreLogic has released their newest housing market update for November 2019. You can also check out the local reports for Sydney and Brisbane. Melbourne overtook Sydney in October to show the most rapid housing market recovery trend. Values were up 2.3% in October, which

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The Melbourne auction market bounced back from last weekend’s Cup pause with a predictable surge in listings. Melbourne recorded a weekend clearance rate of 73.3% which was higher than the previous weekends 68.8% and the 47.1% recorded over the same weekend last year. Underlying auction listings are gradually approaching last year’s totals at the same

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After the market started turning around halfway through the year, vendors in Melbourne have become more and more optimistic about property price movements. 3,306 Australian vendors were surveyed last quarter on the expectations for price movement with Melbourne vendors the most optimistic they’ve been since the beginning of 2018. In the most recent quarter, 75%

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Over the June 2019 quarter, resales of Melbourne properties generated $4.316 billion worth of profits and $70.7 million in losses. These figures indicated that Melbourne generated 26.4% of total resale profits nationally over the quarter as well as producing 9.8% of total resales losses. Over the quarter, there were no resales at a loss in

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