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MajorJohnny

4,550 Posts.

12

25/03/18

12:49

Post #: 32007235
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Originally posted by Brodieman123 ↑

Auction clearance rates in Vic are more like 54%, not 67% as per what's reported. (Not to be confused with price withheld data). There are 426 results alone that aren't attributed because there are not "available". Someone needs to write a news piece on the continually rising "unavailable" auction results real estate agents aren't submitting. If you were a real estate agent knowing the market is arguably in a down trend cycle, why would you not submit a positive result if it did get sold? Answer - because it didn't sell, therefor affecting the % to a very scary number that would catapult this market into realistic position it should be in. What a joke ...

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Can they really do this , is it not checked ?

Auctions Held This Week
1405
Previous Week
1456
This Time Last Year
1383
Clearance Rate This Week
66%
Previous Week
68%
This Time Last Year
81%
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