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Auction clearance rates lift as listings dry up – The Australian Financial Review
Auction clearance rates rose in Sydney and Melbourne, boosted by lower volume and fewer homes withdrawn from the market.
Among the properties to achieve strong results under the virtual hammer in Sydney were a house in 164 Albany Road, Stanmore, which was sold for $2.651 million $151,000 above the reserve price.
In Melbourne, the clearance rate jumped by 9.8 percentage points…
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