Melbourne the toast of property spruikers everywhere!

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From Domainfax today:

Listings in Melbourne showed its tenacity by holding similar numbers to the week before, while Sydney’s listings fell.

Sydney’s preliminary rate was 59.3 per cent, the third week in a row the city has recorded below 60 per cent and the lowest since February 2013.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.