Glass half full | The Real Estate Wrap with Leanne Pilkington
Welcome to this week’s edition of The Real Estate Wrap with Leanne Pilkington, Managing Director of Laing+Simmons and President of the REINSW.
There’s something about the market right now, moving back into full swing, that oozes optimism as other economic fundamentals remain in limbo. In Sydney, CoreLogic reports there were 428 auctions held – leading the capital city markets – with a preliminary clearance rate of 79.9 per cent achieved.
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Hi everyone, Leanne Pilkington here for the Real Estate Wrap for the week commencing February 10. Sydney saw 428 properties go to auction on Saturday and we have a preliminary clearance rate from CoreLogic at 79.9 per cent so really high clearance rates, as against last year, same weekend we had 322 properties for 54 per cent clearance rate.
So obviously, 2020 is off to a much better start than 2019. In fact, Sydney had the highest number of properties go to auction and also the highest clearance rate around the country.
We expect that there will be more auctions going to market for the next couple of weekends so it’s going to be really interesting to see how that clearance rate holds up over the next couple of weeks.
But anyway, we will be back to you next week and let you know. Have a great week!