False supply dawn | The Real Estate Wrap with Leanne Pilkington

1 week ago |
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Welcome to this week’s edition of The Real Estate Wrap with Leanne Pilkington, Managing Director of Laing+Simmons and President of the REINSW.

For some, for many, the Melbourne Cup signals the start of the end of year wind up. It’s not the case in real estate, this year especially. Right now, in the week just past, market momentum is gathering pace.

From a Laing+Simmons perspective, the number of auctions held represented a new high in the current cycle. Next week will be even busier, though we already know of some properties which will sell prior.

Find out more in The Real Estate Wrap for this week by clicking here.

TRANSCRIPT:

Hi everyone, Leanne Pilkington back for the Sydney Real Estate Wrap for the week commencing the 11th of November, Remembrance Day!

Weekend in typical fashion as what we’ve seen over the last few months, 931 auctions with a preliminary clearance rate of 81 per cent.

So 931, that’s the second highest number of auctions we’ve seen so far this year, so people are obviously taking advantage of this strong price growth that we are seeing. This time last year, we had less than half of the properties going to auction selling.

So massive difference, let’s see what next week brings, but as always, lots more information. Just click here to download.

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