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Melbourne Property Buyers Have More Choices

By Matt Hurlston

If you’re planning to buy property in Carnegie or other Melbourne suburbs, you might be heartened to learn that there is more selection in the market than there has been previously.

An increase of listings across the state of Victoria means there are more properties to choose from, which is good news for buyers. The Real Estate Institute of Victoria (REIV) revealed this week that selection levels are higher than they have been for the past three years – and that clearance rates for property auctions are also up on previous levels.

Right now, the REIV reports, the number of auction listings is 20 per cent higher than the ten-year average, giving buyers an unprecedented number of properties to choose from. A total of 1,140 auctions are set to take place across Victoria on the weekend of March 22 and 23 – the last weekend before Easter and the end of the busy summer auction period.

If you are keen to make a move to a Carnegie property, it is a wise idea to speak to real estate professionals who have an in-depth knowledge of the local area. Contact the team at Ray White Carnegie today to find out how we can help you find the perfect place to call home.

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