A BOUNCE back in strong auction clearance rates has put to rest doomsday predictions of massive property price drops in Australia.
Auction clearance rates have returned to the high levels experienced last year with last week marking the fourth consecutive week of the combined capital city clearance rate being above the 70 per cent mark.
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John McGrath said buyers have heard all the dire predictions before and just wanted to get in with buyer property. Picture: Tara Croser.