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But Gil King, the CEO of the REIV, told SCHWARTZWILLIAMS that last week auction volumes and sales in Victoria were ahead of those for the same period last year.
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The combined capital city auction clearance rate was 72.1 per cent on the weekend, according to CoreLogic.
Anxious buyers are afraid of missing out, holding the auction clearance rate above 70 per cent for 20 consecutive weeks.
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