Interesting numbers across the country | The Real Estate Wrap with Leanne Pilkington

August 30, 2021 |
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Welcome to this week’s Real Estate Wrap with Leanne Pilkington, CEO, and Director of Laing+Simmons and President of the REINSW.

In Sydney, 598 properties were taken to auction this week, up from the previous week (514), although lower than this time last year (706).

Of the 509 results collected so far, 82.7% were successful, and of the 421 sold results, 57.2% were sold prior to the scheduled auction date.

Last week, Sydney’s preliminary auction clearance rate was slightly lower (81.7%), revising down to 78.5% at final figures.

TRANSCRIPT:

Hey everybody, Leanne Pilkington here for the Real Estate Wrap week commencing the 30th of August and still in lockdown.

This week in Sydney, 598 properties for the preliminary clearance rate of 82.7% as against last week we had 514 properties go to auction with a final clearance rate of 78.5%,

Same time last year, 706 properties.

Interestingly, despite the lockdowns that are kind of almost everywhere at the moment, auction numbers across the country are up from 1,764 last week to 2,245 which is almost double the numbers of the same time last year. So, really interesting!

This week in Sydney, 57.2% of our properties sold prior.

Our highest clearance rate was in Ryde with 95.7% and the Southwest was our lowest clearance rate but still 60% of the properties selling in the Southwest.

So, it’s very interesting to see that those markets even in the areas of concern are still actually transacting

So, well done to all of you out there that are still making things happen despite everything that’s going on.

Stay strong, we will get there.

We’ll see you next week!

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