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Melbourne auction market ends year with a bang.
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Across Melbourne, the market is likely to remain steady, with solid growth in a range of areas across the city.
Chief Executive John McGrath described Melbourne as "one of the most exciting and dynamic property markets in Australia, and an important next step" for his firm.
The latest REIA Market Facts report shows over the quarter, most capitals recorded increases but prices fell in Adelaide, Perth and Canberra.
Properties are still being put to auction in large numbers, which could mean some early Christmas cheer for buyers.
Another 1,560 properties will go to auction in Melbourne this Saturday, giving buyers excellent opportunities, says REIV CEO, Enzo Raimondo.
This weekend is set to break records in Melbourne, with 1,810 homes going under the hammer.
Auction clearance rates confirm the heat is coming out of the Sydney property market.
Weekend auctions are no longer the frenzied scene of a few months ago.
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