realestatebusiness logo
Subscribe to our newsletter SIGN UP

Market strong despite festive slowdown: RP Data

26 November 2009 Reporter

Market activity remains buoyant despite the overall ease in market activity with the approaching festive season, according to RP data.

RP data’s weekly leading indicator of market activity eased slightly over the last week, with the fall in the index possibly the first sign of the impending Christmas / New Year period slowdown.

However, last week was also one of the busiest of the year in terms of auctions, with 1,672 held nationally.

Sydney and Melbourne performed well with auction clearance rates of 70.8 per cent and 80.7 per cent respectively.

It was the first time in three weeks Melbourne’s auction clearance rate had been above 80 per cent, according to RP data.



Market strong despite festive slowdown: RP Data
lawyersweekly logo
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast

Where is the biggest threat to agents in 2019?

3rd party lead generation companies
DIY models discounting sales commission
Prop-tech firms cutting out the agent value proposition
A yet unidentified proper disruptor – like Uber or Airbnb
None of the above. There is no threat.
Do you have an industry update?
Ensure you never miss an issue of the Real Estate Business Bulletin. Enter your email to receive the latest real estate advice and tools to help you sell.