Second busiest week of the year | The Real Estate Wrap with Leanne Pilkington
Welcome to this week’s Real Estate Wrap with Leanne Pilkington, CEO, and Director of Laing+Simmons and President of the REINSW.
In Sydney, 973 homes were taken to auction this week, up from 916 over the previous week and 700 this time last year.
There have been 856 results collected so far, returning a preliminary clearance rate of 80.8%.
The previous week saw a preliminary clearance rate of 85%, which revised down to 81.5% at final figures, while this time last year 70.4% of reported auctions were successful.
“Once final results are collected, there is a chance we will see Sydney’s final auction clearance rate drop below 80% for the first time since the week ending 22 August,” CoreLogic noted.
Hey everyone, Leanne Pilkington here for the Real Estate Wrap week commencing the 25th of October.
This weekend across Sydney, 973 properties went up for a preliminary clearance rate of 80.8%, according to CoreLogic.
Last week 916 properties with a final clearance rate of 81.5% and same time last year 700 properties at a final clearance of 70.4%.
We’ve enjoyed above 80% clearance rates here in Sydney since the 22nd of August so it’s a chance that we will see it fall below that level this week but I’ll let you know next week.
There were 3,033 transactions across Australia the second busiest week this year and the clearance rate was 81%. Really, really great numbers.
You’ve got to think that with the increased numbers we’re starting to satisfy the incredible demand that we’re having but we’ll see next week, right?
Highest clearance rate across New South Wales was in Newcastle at 87.5% and the lowest was Blacktown at 60.9%.
Have an awesome week and I’ll see you next week!