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Yet the market is still seeing strong results. A four-bedroom Melbourne home with a pool and tennis court sold for $7,650,00 last week through Abercromby's Real Estate Armadale.
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Despite it being a holiday weekend, last week saw a number of strong sale results around the country.
Auction clearance rates are stabilising, which is good news for the market, says John Cunningham, president of the REINSW.
Last week was the sixth busiest for auctions this year, but pent-up demand meant clearance rates still rose.
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