Recovery temptation | The Real Estate Wrap with Leanne Pilkington
Welcome to this week’s Real Estate Wrap with Leanne Pilkington, Managing Director of Laing+Simmons and President of the REINSW. Auction results were again positive. One of our southern Sydney offices auctioned a property over the weekend which had over 130 groups inspecting the property during the marketing campaign and most importantly, had 12 registered bidders!
Find out more in The Real Estate Wrap for this week by clicking here.
Hi everyone, Leanne Pilkington here for the Sydney Real Estate Wrap week commencing 26th of August. As you can probably see from the background I’m not in Sydney! I am on the beautiful North Coast of New South Wales in Kingscliff at Peppers Resort for the Dexar Convention. So we’re having a fantastic time, but that doesn’t mean I can’t still update you on what’s going on.
So this weekend just gone, 84% preliminary clearance rate from CoreLogic, which is massive! It’s actually the highest preliminary clearance rate since February 2017 so over two years and it was over 500 auctions. So about a 10% increase on auction numbers from last weekend, but still not enough stock to go around. As witnessed by one of our properties down south, 130 groups through the property, 12 bidders, and as you can imagine it sold way over reserve. So we are seeing that story time and time again.
So anyway lots more details just click here as usual and I’ll see you next week.