Morrison makes first home buyer pitch | The Real Estate Wrap with Leanne Pilkington
Welcome to this week’s Real Estate Wrap with Leanne Pilkington, Managing Director of Laing+Simmons and President of the REINSW. Over the weekend, the Government made its first home buyer play. The number of auctions remains down but clearance rates are strong.
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Hi everyone, Leanne Pilkington here for the Real Estate Wrap for the week commencing May 13.
Obviously we are less than a week away to the federal election. The Coalition has launched their first home buyer program.
Always great to have incentives for first home buyers, but only capped at 10,000 loans, which is about 10% of the annual first home buyers intake. Not really sure how much of an impact it is actually going to have.
Clearance rates were quite strong. 65.6 per cent is the prelim clearance rate for Saturday, but only across 441 auctions. Auction numbers are low. Not unexpected with the election on next Saturday.
But anyway, lots more information, click on the download to read all about it and I’ll see you next week.