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Monthly Archive for March, 2015

In the first two months of 2015, the REIV reported more than 3200 auctions with an overall clearance rate of 75 per cent – three per cent higher than the same time last year. The highest number of auction sales in February was in Bentleigh East (41 sales), Richmond (40 sales) and St Kilda (32 […]

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Melbourne’s auction market has had a strong start to the year with both volumes and clearance rates well up on the same period last year. To start with, the Real Estate Institute of Victoria (REIV) reported 3,000 auctions held over the month of February 2015. This is 13 per cent higher than the number of […]

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This year’s property market has already got off to a solid start, aided by a further interest rate drop announced by the Reserve Bank of Australia in early February. This will no doubt help attract and retain the interest of buyers across the board – but especially those entering the market for the first time. […]

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At its meeting today, the Board decided to leave the cash rate unchanged at 2.25 per cent. Growth in the global economy continued at a moderate pace in 2014. A similar performance is expected by most observers in 2015, with the US economy continuing to strengthen, even as China’s growth slows a little from last […]

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