Clearance rates strong despite disruptions | The Real Estate Wrap with Leanne Pilkington
Welcome to this week’s Real Estate Wrap with Leanne Pilkington. Easter has come and gone and the auction market, at least in terms of the preliminary clearance rate, bounced back over the weekend. Though there were only 329 auctions in Sydney, according to CoreLogic, the city recorded the highest preliminary clearance rate of the major markets at 57.1 per cent – a number up from the corresponding week last year.
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Hi everyone! Leanne Pilkington, Managing Director of Laing+Simmons here for the weekly Real Estate Wrap, week commencing April 29th.
As we all know, we’ve got the federal election on May 18, and as a result, we’ve actually had to change some auction campaigns around. Push them out a little bit so that we’re not auctioning on the election day.
That has meant that auction numbers are not that high. 329 auctions around Sydney on Saturday. Prelim clearance rate from CoreLogic at 57.1 per cent. Still that stable clearance rate we’ve been seeing all year.
We also have been having conversations around interest rates. We know that there are at historic lows, but there are actually conversations happening right now around whether we will see an interest rate decrease which we will find out about on Tuesday of next week.
Anyway, as usual, lots going on. Click here and download our Real Estate Wrap for more information and I’ll see you next week.