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Property market consolidating: ANZ

Friday 17th of August 2012

The report said that after a strong surge in May sales, the pace seemed to slow over June and July.

“We estimate July sales volumes were unchanged on June levels in seasonally-adjusted terms. Housing turnover remains 14% below historic averages as a proportion of the housing stock.”

It noted that there had been a few small falls in carded mortgage rates over the past...

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