Steady week-on-week | The Real Estate Wrap with Leanne Pilkington

July 19, 2021 |
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Welcome to this week’s Real Estate Wrap with Leanne Pilkington, CEO and Director of Laing+Simmons and President of the REINSW.

Sydney saw 786 properties taken to auction, down 8.5% from the initial predicted count as the city remains in lockdown.

Of the 681 results collected so far, 77.1% were successful, while 18.6% have been withdrawn.

Of the 525 sold results, 64.2% were sold prior to the scheduled auction date.

Last week, 650 Sydney homes were taken to auction, returning a final auction clearance rate of 74.3%.

TRANSCRIPT:

Hey everyone, Leanne Pilkington here for the Real Estate Wrap week commencing the 19th of July.

This weekend, 786 properties went up for auction in Sydney with a preliminary clearance rate of 77.1%. Now that number is down 8.5% on what we predicted that we’d be going for auction on Saturday. And about 18.6% of them have been withdrawn from sale. 64.2% actually sold prior to auction, which is no surprise right? With everything that’s going on right now.

Last weekend, we had 650 properties with a final clearance rate of 74.3%.

Across the country, 2,169 properties with a preliminary clearance rate of 76.3%. So, we’re seeing that strong market around Australia despite everything that’s going on.

Last week, we saw 2,104 properties with a clearance rate of 73.7% around the country.

Back in New South Wales, our highest clearance rate this weekend was in Ryde where they sold 100% of the 30 auctions they had in that area, which is amazing. Our lowest clearance rate was Parramatta at 68%.

Now obviously here in Sydney, the lockdown has been tightened up. Lots of confusion around what that actually means. So, as always, very happy for you to reach out and ask any questions that you have either here via Insta or socials, email, whatever, just reach out. I’m happy to help wherever I can.

Have a wonderful week and I will touch base again next week. Bye!

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