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Auction clearance continues to strengthen

By Matt Hurlston

Finding that perfect property for you and your family isn't always easy, but heading down to a local auction could be just what you need to get your ambitions back on track.

If the latest Australian Property Monitors (APM) figures are anything to go by then this is what many other buyers are doing at the moment.

Melbourne's auction clearance rate reached 72.8 per cent on 10-11 May, following on from 73.4 per cent the previous weekend.

The inner east saw a clearance rate of 80 per cent, while the inner city's stood at 78.2 per cent and the inner south at 77.1 per cent.

A total of 603 properties went under the hammer, although APM senior economist Andrew Wilson believes the best could still be yet to come for this month.

He predicts that over the coming three weekends, around 3,000 properties will be auctioned off, giving you plenty of choice if you're hoping to move to the Victorian capital.

With Melbourne properties in high demand, you might need to act quickly to secure that perfect home.

If you're hoping to buy your next real estate in Malvern East at auction, why not get in touch with Matt Hurlston at Ray White Carnegie?

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