Barfoot & Thompson managing director Peter Thomson said mounting concerns about the prices being paid and possible future interest rate increases did nothing to dampen July trading. The winter months were normally a time when market activity slowed, and prices and sales could edge lower, but there were no signs of that occurring this year, he said. “High prices are not proving a deterrent to top end property, and we sold 118 homes for more than $2m the month, which was more than double the number we sold in June last year.” While the agency’s figures showed sales for the month were down by 0.6 per cent on June, they were up by 4.5 per cent on the three-month average.
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