First home buyers out in force | 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. Over the past week and long weekend, there’s evidence to suggest that it’s first home buyers in particular that are emerging in greater numbers.
Find out more in The Real Estate Wrap for this week by clicking here.
Hi everyone, Leanne Pilkington here for the Real Estate Wrap, week commencing the 10th of June.
Obviously, we have had an interest rate cut since we last caught up and a long weekend. Let me tell you, that long weekend did have an impact on auction numbers.
Down to only 310 with a preliminary clearance rate of 62.8 per cent. So yeah, numbers are down. Hopefully we’ll see an increase in that next week.
First home buyers are having a better time in the market. We are seeing more of them around, but affordability is still an issue.
You might notice my location is a little bit different than normal. I’m on the Laing+Simmons trip away to Bali, staying at the beautiful W in Seminyak.
Enjoy your week, you know the routine. Click here for more information on what’s going on in real estate this week. See you soon. Bye.