Moving around the market compass | The Real Estate Wrap with Leanne Pilkington
Welcome to this week’s Real Estate Wrap with Leanne Pilkington. There’s renewed optimism as we move around the compass points of the Sydney market, which is telling given the potential for prices to decline further.
Download The Real Estate Wrap for this week by clicking here.
Hi everyone. Welcome to our weekly Real Estate Wrap for the week commencing February 18, 2019. We had preliminary clearance rates from CoreLogic on Saturday in Sydney at 61 per cent. So, the strongest start to the year has been maintained. We’re seeing properties that are priced well [and] selling.
Part of the problems we have in some of our areas though, particularly in the Eastern suburbs, is that we are low in stock. So, if you’re a vendor out there thinking about selling, you don’t have to wait until after the election. People are actively out there in the market right now.
Speaking of the election we’re finding that a number of investors have left the market. So we’re getting more first home buyers, which is awesome. But investors need to remember that if we do have a change in government, negative gearing is on the table. So it makes a lot of sense to actually get into the market before that time if you’re wanting to invest.
So anyway, check it all out here, and I will be back to you next week with an update. Bye!