The colour on the economic canvas | The Real Estate Wrap with Leanne Pilkington

September 2, 2019 |
Share this article:

Welcome to this week’s Real Estate Wrap with Leanne Pilkington, Managing Director of Laing+Simmons and President of the REINSW

With spring upon us, housing could just be the bright spot on an otherwise bleak economic landscape. Residential housing is providing a burst of colour to the canvas. Perhaps those rate cuts have worked in this respect. Clearance rates – again – were in the vicinity of 80%. The prices achieved were even more impressive.

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


Hi, everyone, Leanne Pilkington here for the Sydney Real Estate Wrap for the week commencing September 2nd. We had another great weekend of auction clearance rates with 584 properties going to auction, clearance rate preliminary clearance rate. According to CoreLogic of 78.9% last week. We had five hundred and three auctions.

So we have got a increases that we’re seeing week on week for the auciton numbers, but still there’s not a lot of stock around which is driving strong prices above reserve results.  The Reserve Bank will make a call on interest rates tomorrow. We think probably it will be on hold, but we’ll wait and see. And let me say if it’s been a little while since you last spoke to your bank about interest rates go and see them! I managed to get a half a percent decrease in my interest rate just by having a really simple conversation with the bank. So give it a whirl!  As always more information here click on the link, and we’ll catch you next week. Bye.

Share this article:
Emegency Contact
Watermark Plumbing 1300 119 308
Proximity Plumbing 0401 016 150
NTS Electrical 0401 016 150
Mr Electrix 0423 005 599
RD Locksmiths 0422 848 929
Bells Locksmiths 0415 967 038 (after hours only)
Emergency Hot Water 9344 6602