Sunday, December 12, 2010

Australian Auction Clearance Rates Continue Slow Slide

Australian Auction Clearance Rates October-December 2010
Sydney dropped below 50% for the first time since December 2008 (chart at RPData.com)

Note that discontinuity between the close in 2008 and the open in January 2009. That's China's $600 billion stimulus working in between there.

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