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What Happened To The Markets In December?

By Georgina Shanahan

Tradition has determined that December will be a “slow month”.  Annual budgets generally provide for discounted figures in December.  There is an increasing awareness that, in terms of number of operational business days, December generally trades at the same sales rate as any other time of the year.  By the end of December 2013, we had a sales result that would rival any month of cycle!  The Ray White result for December just missed $3 billion by a whisker actually $2.96 billion, astonished us all.

Loan Market posted a record month with $596 million in settlements nationally.  Our strongest states, exceeding budget, were NSW with a record $164 million in settlements followed by SA/NT with $57 million and QLD with $128 million.

Click Here to read the latest edition of The White Paper, Brian White’s review of the market and Ray White Group activity in December.

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