28th August 2011: Spring in Market Lifts Hopes

SPRING is just around the corner. For real estate, that means "For Sale" signs will start popping up like wild flowers as buyers come out of hibernation.

The prime selling season will soon get under way.

Even the most upbeat of real estate agents is being forced to admit that this year's spring will fail to match last year's, when more than 1000 properties went under the hammer over successive weekends.

But new stock is coming onto the market, with more than 600 properties being auctioned this weekend, compared to around 490 last weekend. Talk of lower interest rates has given the market a confidence boost and early reports from agents and buyer advocates suggests auction crowds are growing.

After all, it's a lot easier to clamber out of bed on a sunny, spring morning than on a wet and grey winter one.

"It's part of the Melbourne psyche that people hibernate during the winter period," Fletchers director Tim Fletcher said.

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