{"id":5592,"date":"2024-09-09T16:15:28","date_gmt":"2024-09-09T06:15:28","guid":{"rendered":"https:\/\/lsre.com.au\/granville\/the-real-estate-wrap-9sept2024\/"},"modified":"2024-09-09T16:15:28","modified_gmt":"2024-09-09T06:15:28","slug":"the-real-estate-wrap-9sept2024","status":"publish","type":"post","link":"https:\/\/lsre.com.au\/granville\/videos\/the-real-estate-wrap-9sept2024\/","title":{"rendered":"A Strong Start to Spring | The Real Estate Wrap with Leanne Pilkington"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"The Real Estate Wrap \u2013 Week Commencing 9th September 2024\" width=\"1080\" height=\"608\" src=\"https:\/\/www.youtube.com\/embed\/vN-CKVMGErg?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\/our-board\/\">President of the Real Estate Institute of Australia<\/a>.<\/h3>\n<p>As we enter the first month of spring, Sydney&#8217;s real estate market is showing resilience, even amidst a slight dip in auction volumes. Here&#8217;s an update of the auction results and what to expect in the coming weeks.<\/p>\n<p><strong>Highlights:<\/strong><\/p>\n<ul>\n<li><strong>Slight Drop in Auctions:<\/strong> Sydney saw 774 properties go under the hammer, with a preliminary clearance rate of 73.2%, down from last weekend&#8217;s 874 properties and a final clearance rate of 65.3%.<\/li>\n<li><strong>Top Performing Suburbs:<\/strong> Blacktown led the way with an impressive 85% clearance rate, followed closely by Ryde, the Inner West, and the Inner Southwest. All achieving over 80%.<\/li>\n<li><strong>Spring Surge Ahead:<\/strong> Auction numbers are expected to climb by 20% next weekend, with a continued rise of another 10% the following weekend, signaling a busy spring season.<\/li>\n<\/ul>\n<p>These early spring trends indicate strong buyer demand, particularly in Sydney\u2019s top-performing suburbs. For property buyers, sellers, and investors, now is a great time to monitor market movements closely. With auction volumes set to rise, opportunities for both buying and selling are expected to increase, making this season a key period in the real estate calendar.<\/p>\n<p>Stay informed and be ready to make your move!<\/p>\n<p><strong>Transcript<\/strong><\/p>\n<p>Hey everyone Leanne Pilkington with you for the real estate wrap, week ending the 8th of September. This weekend 774 properties went up for auction across Sydney with a preliminary clearance rate of 73.2% last weekend 874 properties with a final clearance rate of 65.3% and same weekend last year 898 properties 67% clearance rate. Central Coast we saw only one from six. Newcastle 20 properties out at a 61. 5% clearance rate. The Blue Mountains 6 from 9 and Illawarra 24 properties from 56 with a 56.3% preliminary clearance rate. Our highest clearance rate across Sydney was Blacktown at 85%, wow big effort and also above 80% we had Ryde, the Inner West and the inner Southwest. Our lowest clearance rate was Baulkham Hills and Hawkesbury at 55.6%. There&#8217;s about a 20% differential in auction numbers between Winter and Spring so we are expecting to see increased auction levels over coming weeks, about 20% actually next weekend between this weekend and next weekend and another 10% the following weekend, so let&#8217;s see how the first month of spring progresses, have a wonderful 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. As we enter the first month of spring,&#8230;<\/p>\n","protected":false},"author":485,"featured_media":5593,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"_acf_changed":false,"footnotes":""},"categories":[17,21,18,4368,20,4374,16,4312],"tags":[],"class_list":["post-5592","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-buying","category-investors","category-lifestyle","category-lsre-news","category-market-news","category-property-management","category-selling","category-videos","post_format-post-format-video"],"acf":[],"_links":{"self":[{"href":"https:\/\/lsre.com.au\/granville\/wp-json\/wp\/v2\/posts\/5592","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=5592"}],"version-history":[{"count":0,"href":"https:\/\/lsre.com.au\/granville\/wp-json\/wp\/v2\/posts\/5592\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lsre.com.au\/granville\/wp-json\/wp\/v2\/media\/5593"}],"wp:attachment":[{"href":"https:\/\/lsre.com.au\/granville\/wp-json\/wp\/v2\/media?parent=5592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lsre.com.au\/granville\/wp-json\/wp\/v2\/categories?post=5592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lsre.com.au\/granville\/wp-json\/wp\/v2\/tags?post=5592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}