All Topics / General Property / Auction Clearance Results: 19 Feb 2011 to 26 Feb 2011

Viewing 5 posts - 1 through 5 (of 5 total)
  • Profile photo of Matt_ArnoldMatt_Arnold
    Participant
    @matt_arnold
    Join Date: 2006
    Post Count: 142
    February 27, 2011 - 10:09 pm

    Hello All

    Auction Clearance Results as released by RP Data: 19 Feb 2011 to 26 Feb 2011

    ACT – 63.3%
    NSW – 58.6%
    NT – 66.7%
    QLD – 20.4%
    SA – 52%
    TAS – 30.0%
    VIC – 57.5%
    WA – 45.7%

    Profile photo of god_of_moneygod_of_money
    Participant
    @god_of_money
    Join Date: 2008
    Post Count: 970
    February 28, 2011 - 1:22 am

    Would better if you post auction clearance rate for capital cities
    Sydney has clearance rate of 65% last week.

    The data collection by RP Data is unreliable.. it is very easy to manipulate the statistic.
    Won't be able to sway the statistician.. only public that will eat into their comments and analysis
    The auction clearance rate should include +/- 2 week pre/post sales to reflect the market
    Most auctioned property sold 1-2 weeks post auction..it is important to reflect that in the analysis

    Profile photo of Mick CMick C
    Participant
    @shape
    Join Date: 2010
    Post Count: 1,099
    February 28, 2011 - 4:22 am

    LOl god….play nice- mat is providing free information to the general public– thanks Mat:)

    ( god i understand your point, and it is valid)

    Regards
    Michael

    Mick C | Shape Home Loans
    http://www.shapehomeloans.com.au/
    Email Me | Phone Me

    Same Banks. Better Rates. Served With a Passion.

    Profile photo of Matt_ArnoldMatt_Arnold
    Participant
    @matt_arnold
    Join Date: 2006
    Post Count: 142
    March 1, 2011 - 4:00 am

    Hi GOM

    I'm not trying to re-invent the wheel…

    There are several members such as QLD007 who are able to provide some very detailed residex reports a specific property.

    The above stats are more so aimed a providing a quick once a week snap-shot.

    Cheers

    Profile photo of god_of_moneygod_of_money
    Participant
    @god_of_money
    Join Date: 2008
    Post Count: 970
    March 1, 2011 - 5:45 am

    Matt,

    I am not a 'guru' on statistical analysis
    but it is important that Residex posted the SNR or SR (Statistic Not reliable or Significant)
    with confidence interval and p-value

    Without that… it is useles by telling me whether the doooooooommm or looooomm has arrived etc.

Viewing 5 posts - 1 through 5 (of 5 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.