Property sales fade as year draws to close
Nov 15, 2009 (The Australian Financial Review - ABIX via COMTEX) --
By Lisa Carapiet
Company: RP Data Ltd
(RPDAF)
Australian real estate agents anticipate a quiet close to calendar 2009 following subdued auction results of late. Mal James, of Melbourne's James Buyer Advocates, says fewer than 25 per cent of properties were sold under the hammer at the auctions he attended on 7 and 8 November 2009. RP Data estimates that the auction clearance rate Australia-wide has dipped to 72 per cent.
Publication Date: 14 November 2009
RP DATA LIMITED - ASX RPX
JAMES BUYERS ADVOCATE
PK PROPERTY SEARCH AND NEGOTIATORS PTY LTD
MIRVAC GROUP - ASX MGR
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News Provided by COMTEX
Company: RP Data Ltd
(RPDAF)
Related terms: australia, property, real estate, sales
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