Flurry to buy and sell before Xmas

MELBOURNE’S last big auction day of 2008 ended with a mad scramble from buyers and sellers hoping to get contracts signed before Christmas.

The weekend clearance rate of 57 per cent from more than 600 auctions was still low, but up on the previous week.

Industry experts said the scramble, fuelled by interest rate cuts, showed that the property downturn might be easing.

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http://www.news.com.au/heraldsun/story/0,21985,24799115-5013926,00.html

Mark Forytarz