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Auction Success!

Buyers shrugged off the economic gloom over the weekend, snapping up a massive 85 per cent of properties up for auction.

Out of 527 properties that went under the hammer around Melbourne, 349 sold with only 79 passing in. Our Team at Ray White Glen Waverley enjoying 100% clearance, selling 3 out of the 3 auctions that were held.

The first half of this year has seen a massive rise of activity in the market, with buyer’s confidence returning due to lowered interest rates and the government’s first home owner ‘boosts’.

A much brighter outlook than that of the last quarter in 2008, where global economic uncertainty stalled the property sector.

– Ray White Glen Waverley

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