The Real Estate Wrap – Week Commencing August 26th, 2019

The Real Estate Wrap – Week Commencing August 26th, 2019


Hi everyone, Leanne Pilkington
here for the Sydney Real Estate Wrap week
commencing 26th of August. As you can probably see from
the background I’m not in Sydney! I am on the beautiful North
Coast of New South Wales in Kingscliff at Peppers Resort
for the Dexar Convention. So we’re having a fantastic
time, but that doesn’t mean I can’t still update you
on what’s going on. So this weekend just gone,
84% preliminary clearance rate from CoreLogic,
which is massive! It’s actually the highest preliminary clearance rate since February 2017. So over two years and it was over 500 auctions. So about a 10% increase
on auction numbers from last weekend, but still not
enough stock to go around. As witnessed by one of
our properties down south, 130 groups through the
property, 12 bidders and as you can imagine it’s sold
way over reserve. So we are seeing that
story time and time again. So anyway, lots more details,
just click here as usual and I’ll see you next week.

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