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1.Market Observations

25 Nov 2013 (TheAge) – Unit sales lag as year’s ends in fever to buy a house

(25 Nov 2013, The Age, BusinessDay, p28, Nicole Lindsay)

‘Houses were the hot favourites over the weekend, outselling units by a factor of 14 percentage points.’

‘The traditionally cheaper unit market attracts a range of first home buyers, older downsizers and investors. But they appear to have cooled their heels while families urgently finalised their arrangements before Christmas. Data from the Real Estate Institute of Victoria data shows the clearance rate for units and apartments fell to 58 per cent from 68 per cent last weekend, whereas houses rose to 72 per cent from 68 per cent.’

Read more at SMH.com.au

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