The author has been described by News Ltd as an "iconoclast", "Svengali", a pollie's "economist muse", and "pungently accurate". Fairfax says he is a "Renaissance man" and "one of Australia’s most respected analysts." Stephen Koukoulas concludes that he is "85% right", and "would make a great Opposition leader." Terry McCrann claims the author thinks "‘nuance’ is a trendy village in the south of France", but can be "scintillating" when he thinks "clearly". The ACTU reckons he’s "an enigma wrapped in a Bloomberg terminal, wrapped in some apparently well-honed abs."

Sunday, October 28, 2012

Cracking auction clearance rate results in Sydney and Melbourne (67% and 66%)

From Property Observer:

Melbourne's super Saturday auction tally, albeit subject to revision from many unreported results, was a healthy 66%, and the fifth week the clearance rate sat at 60% or higher.

The preliminary result came from from 986 results tabulated by the Real Estate Institute of Victoria. The final total will be closer to the 1180 auctions that were scheduled for Saturday and Sunday.

Sydney didn't quite have the same activity by comparison with 524 listings, according to Australian Property Monitors, which reported a preminary 67% success rate from its initial 337 result tabulation.