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Melbourne market at “all time high”
October 19, 2015
REIV CEO Enzo Raimondo said the $729,500 median* is the highest ever and was up from $706,000 in the June quarter.
Strong auction numbers in the Winter period have thought to have played a part in boosting such elevated house prices.
Typically with strong growth, buyer confidence is suggested to be a key attribute whereby high auction numbers, solid clearance rates and low interest rates are all contributing to potential buyers’ willingness to enter the market.
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