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Will spring auction prices continue to exceed price guides?

Recent surveys found Melbourne auction listings are selling for 11% more than their pre-auction price guides while Sydney auction properties are selling at 12% more than their price guides.

Both surveys suggested the trend of selling above prices guides had increased significantly over winter.

What’s your experience?

{module Have the auctions you’ve seen been selling for more than 10% above the price guide?}

 

And  

{module Do you think higher spring stock levels and more choice for buyers will reign in the trend of runaway auctions?}

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