CONCRETE DETAIL
by Christopher Joye
Posted 28 Sep 2009 12:10 PM
Auction results
I have enclosed below the week before last’s auction results, which derive from the nation’s largest auction database. Note that RP Data releases its clearance rates on the Thursday following each weekend (unlike some competitors that try and scoop the media by publishing on Sundays with a much smaller sample that can lead to quite erroneous inferences). And please accept my apologies for the delay in posting these numbers – we have been busy punching out our monthly research report.
Keep an eye out also for the August RP Data-Rismark house price index results, which will be published Wednesday morning. It will be fascinating to see whether we can detect any weakness in the August numbers given the inevitable fading away of first time buyers, which, based on AFG’s application flows, has been occurring since March this year when first time buyer participation peaked at 28 per cent.
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