One vote down, one to go | The Real Estate Wrap with Leanne Pilkington
Welcome to this week’s Real Estate Wrap with Leanne Pilkington. Gladys and co. winning the state election is no more than a temperature check for the market. While the states are responsible for setting stamp duty rules, housing is largely a country-wide issue and the upcoming Federal election in May will have a much more significant bearing on housing than the NSW result.
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Hi everyone. Welcome to the Real Estate Wrap for the week commencing March 25 and I am coming to you direct from the beautiful Blue Mountains where Dexar and all the Laing+Simmons people are at our Leadership Forum. So, it’s been an incredible couple of days.
We did have the election over the weekend and Gladys is back for another term. It’s nice that that’s over and done with and we actually have clarity around that. As we expected, auction numbers were low on Saturday as a result of the election. We had just over 500 properties, which is lower than last week.
The same week last year, we had nearly 1,400 auctions. So, that’s a really good indication of the change that we saw as a result of that election and, of course, the declining market that we are still in.
Clearance rates were stable. Pretty much the same as they have been for the last few weeks.
Anyway, lots more information in our Real Estate Wrap, so click on it and have a look. We’ll see you next week.