Thursday, November 18, 2010

Australian Clearance Rates Hold New Lower Level

Auction Results per Individual State - Nov 14, 2010

Chart of Auction Clearance Rates for Melbourne, Sydney, Brisbane for October 2010 - November 14 2010
Clearance rates for the two largest cities that were consistently 65% are now hovering from 53-55%.

The way I see this playing out is initially the top end will hold out longer as that is the preferred investment of the Chinese investor, while the middle value sales will slow. I included Brisbane on here, just for the color ;-) It's almost too noisy to bother looking at it. When I get a few more months of data in the spreadsheet, I'll smooth it out.

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