Housing: a scapegoat? | The Real Estate Wrap with Leanne Pilkington
Welcome to this week’s Real Estate Wrap with Leanne Pilkington. Sydney’s auction market performed well again last week. According to CoreLogic, there were 740 homes offered up, showing a preliminary clearance rate of 61.9 per cent. By way of comparison, for the corresponding week last year, the 795 auctions held in 2018 returned a preliminary clearance rate of 62.9 per cent.
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Hi everyone, Leanne Pilkington here for the Real Estate Wrap for the week commencing April the 8th, 2019.
Well, what an interesting week. We’ve got the Sydney Morning Herald telling us on the weekend that our confidence is back in the auction Market in April. And the IMF telling us that the housing market contraction is worse than first thought so. Which way do you want to go?
Certainly there’s no doubt that we had a prelim clearance rate of 61.9 per cent across 740 auctions. There are definitely signs that people are hoping to sell before auction. So we are seeing more properties selling before auction than we were maybe a year or so ago.
But anyway, lots more information in this week’s Real Estate Wrap. Click on the link to find out all about it. Thanks.