Real Estate & Home

Melbourne units outperform houses in auction clearance rates

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In Melbourne, apartment and townhouse auctions are achieving higher clearance rates than standalone homes, with a recent 10% advantage. This trend reflects the current market dynamics favoring more affordable housing options for first-time buyers amidst rising interest rates. Developers should monitor this shift as it may influence future property development trends towards smaller, more accessible units.

Read the full article at Property News - Latest Real Estate Market News

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