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Auction Results Saturday 29 and Sunday 30 April 2017

A clearance rate of 82 per cent was recorded this week compared to 76 per cent last week and 76 per cent this week last year. There were 879 auctions reported to the REIV, with 724 selling and 146 being passed in, 53 of those on a vendor bid. Another auction record is set to fall this year with the highest number of auction sales ever for the month of April.

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ANNUAL MAINTENANCE CHECKS - HOW DO YOU SCORE?

Purchasing a property is often the most expensive asset that many people will invest in.  It provides the possibility of long-term wealth and financial security.  However, like any investment, you want to ensure that it is well-maintained and appreciating in value rather than depreciating. When purchasing a car you invest in ongoing maintenance, upkeep, replacement of items and regular cleaning, which is no different from owning an investment property – if not more...

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Auction Results Saturday 22nd and Sunday 23rd April 2017

A clearance rate of 78% was recorded this weekend. There were 585 auctions reported to the REIV, with 457 selling and 128 being passed in, 50 of those on a vendor bid. Vendors in Greater Geelong have experienced strong results under the hammer this year with auction transactions up 51 per cent on the same period last year and a clearance rate of 81 per cent. 

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