{"id":5574,"date":"2024-08-12T14:01:27","date_gmt":"2024-08-12T04:01:27","guid":{"rendered":"https:\/\/lsre.com.au\/granville\/the-real-estate-wrap-12aug2024\/"},"modified":"2024-08-12T14:01:27","modified_gmt":"2024-08-12T04:01:27","slug":"the-real-estate-wrap-12aug2024","status":"publish","type":"post","link":"https:\/\/lsre.com.au\/granville\/videos\/the-real-estate-wrap-12aug2024\/","title":{"rendered":"Sydney is seeing a rise | The Real Estate Wrap with Leanne Pilkington"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"The Real Estate Wrap \u2013 Week Commencing 12th August 2024\" width=\"1080\" height=\"608\" src=\"https:\/\/www.youtube.com\/embed\/wiYtQeCQZ4Q?feature=oembed&#038;modestbranding=1&#038;showinfo=0&#038;rel=0\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h3>Welcome to this week\u2019s Real Estate Wrap with <a href=\"https:\/\/lsre.com.au\/agents\/leanne-pilkington\/\">Leanne Pilkington<\/a>, CEO of Laing+Simmons and <a href=\"https:\/\/reia.com.au\/about\/board\/#:~:text=REIA%20President,New%20South%20Wales%20(REINSW).\">President of the Real Estate Institute of Australia<\/a>.<\/h3>\n<p>Auction activity is picking up across capital cities, showing a 4.5% increase from last week.<\/p>\n<p><strong>Highlights:<\/strong><\/p>\n<ul>\n<li>1,858 homes are scheduled for auction this week, up from 1,778 last week.<\/li>\n<li>Sydney is seeing a rise, with 668 auctions this week, compared to 612 last week.<\/li>\n<li>Next week, auction activity is expected to continue growing, with 2,040 homes set to go under the hammer.<\/li>\n<\/ul>\n<p>What does this mean for property buyers, sellers, and investors? The increasing auction activity indicates a competitive market, offering more options for buyers, higher potential returns for sellers, and greater opportunities for investors.<\/p>\n<p>Stay informed with our weekly updates.<\/p>\n<p><a href=\"https:\/\/www.corelogic.com.au\/news-research\/news\/2024\/auction-market-preview-11-august-2024\">Source: CoreLogic Australia<\/a><\/p>\n<p><strong>Transcript<\/strong><\/p>\n<p>Hey everyone, Leanne Pilkington with you for the Real Estate Wrap week ending the 11th of August. I am at Sydney Airport today for my second attempt to get to Hayman Island. I should say we were rained out yesterday so I spent 8 and a half hours flying to nowhere pretty much, Hamilton Island and back by Mackay, not the greatest way to spend a Sunday, anyway wish me luck. So, second week in a row this week, that we have seen preliminary clearance rates under 70%. So this week we had 632 properties go for auction at a 68% preliminary clearance rate. Last weekend, 612 properties at a 64.8% final clearance rate, and same weekend last year: 765 so a lot more properties last year at a 68.4% final clearance rate. On the Central Coast 21 properties at only 43.8% clearance, the Blue Mountains 4 from 14, Newcastle 18 at 75% so good result up in Newwy, Illawarra 18 at 78.6%, highest clearance rate was Inner West at 81.6%, we also had Sutherland at 80%. Lowest was Parramatta at 54.6%. I hope you have an awesome week, see you next week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Welcome to this week\u2019s Real Estate Wrap with Leanne Pilkington, CEO of Laing+Simmons and President of the Real Estate Institute of Australia. Auction activity is picking up across capital cities,&#8230;<\/p>\n","protected":false},"author":485,"featured_media":5575,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"_acf_changed":false,"footnotes":""},"categories":[17,21,18,4368,20,16,4312],"tags":[],"class_list":["post-5574","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-buying","category-investors","category-lifestyle","category-lsre-news","category-market-news","category-selling","category-videos","post_format-post-format-video"],"acf":[],"_links":{"self":[{"href":"https:\/\/lsre.com.au\/granville\/wp-json\/wp\/v2\/posts\/5574","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lsre.com.au\/granville\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lsre.com.au\/granville\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lsre.com.au\/granville\/wp-json\/wp\/v2\/users\/485"}],"replies":[{"embeddable":true,"href":"https:\/\/lsre.com.au\/granville\/wp-json\/wp\/v2\/comments?post=5574"}],"version-history":[{"count":0,"href":"https:\/\/lsre.com.au\/granville\/wp-json\/wp\/v2\/posts\/5574\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lsre.com.au\/granville\/wp-json\/wp\/v2\/media\/5575"}],"wp:attachment":[{"href":"https:\/\/lsre.com.au\/granville\/wp-json\/wp\/v2\/media?parent=5574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lsre.com.au\/granville\/wp-json\/wp\/v2\/categories?post=5574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lsre.com.au\/granville\/wp-json\/wp\/v2\/tags?post=5574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}