Sydney is expecting 627 auctions this week | The Real Estate Wrap with Leanne Pilkington

Welcome to this week’s Real Estate Wrap with Leanne Pilkington, CEO of Laing+Simmons and President of the Real Estate Institute of Australia.

Sydney is expecting 627 auctions this week, down -23.6% from the 821 held the previous week. This week last year, Sydney was host to 574 auctions.

TRANSCRIPT:

Hi, everyone. Leanne Pilkington with you for the Real Estate Wrap, week ending the 22nd of April.

This week, we had 613 properties go up for auction over the weekend, 73.8% preliminary clearance rate.

Last weekend, 821 properties with a 67.4% final clearance rate.

Obviously, we’re in school holidays, as we know.

And same weekend last year, 574 properties and a 65.1% clearance rate.

On the Central Coast,

we had 25 properties go up on the Central Coast for a preliminary clearance rate of 58.8%.

The Blue Mountains, 5 from 11 properties.

Newcastle and Illawarra, actually had the same clearance rate.

25 properties in Newcastle, 17 properties in Illawarra with both getting an 83.3% clearance rate.

So that’s pretty strong.

The strongest across Sydney was Ryde at 94.1%.

The lowest, was a tie at 66.7%, with the Hills, Hawkesbury, North Sydney, and Hornsby.

Hope you are having an awesome week and I’ll see you next week. Bye.