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Saturday 14 August 2021

Zoom auctions flop

Auctions sag

There were more than 1,100 auctions planned for Melbourne this weekend.

But with buyers less than keen to buy without inspection, many were withdrawn.

With only low numbers reported the preliminary clearance rate for Melbourne sagged towards 50 per cent. 

Sales will likely go ahead via private treaty instead. 

Stock levels remain very tight in Sydney. 

Source: Domain