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Paul Castran on auction clearence rates - 19th & 20th December

This weekend’s auctions continued the well-established trend of strong demand and good results over the last 8 months with a clearance rate of 83 per cent recorded from the 629 reported results.

his weekend’s sales effectively brings to an end the year for residential property sales and 2009 will be looked back on as a very strong one, second only to 2007.

A straw poll of estate agents on Saturday showed a high level of confidence for 2010 with 26 per cent responding that the next 6 months would be stronger than the last six and 61 per cent thought it would be the same. There were 109 responses.

The overall clearance rate will be 81 per cent from just over 22,570 residential auctions. The total value of residential auction sales will be just over $12.1B compared to $10.2B in 2008.

This entry was posted on Saturday, January 23rd, 2010 at 8:55 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

9 Responses to “Paul Castran on auction clearence rates - 19th & 20th December”

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