Property Buzz

PropertyBuzz, your daily dose of property news.

Real Estate Literacy enters the Spotlight, New South Wales adds Suburban Hubs to rezoning plan, and Preliminary auction clearance rates drop across the country

Welcome to Property Buzz! I’m Grace Ormsby

Today is Tuesday, 16 April.

And the Real Estate Institute of Queensland (REIQ) has launched a series of educational videos, PropIQ, to increase real estate literacy among consumers.
– Hosted by CEO Antonia Mercorella, the series explores complex real estate scenarios and answers common questions, with each episode focusing on a different aspect of real estate..
– The series is streamed live on Facebook and then made available on YouTube, with the second episode, focusing on the rental market, due to be released next week.

In Sydney and surrounds, Local councils and the New South Wales government have identified six additional sites for residential construction under the Transport Oriented Development Program.

The new sites are Cardiff, Cockle Creek, Belmore, Lakemba, Punchbowl, and Woy Woy and bring the total number of development hubs to 37.

Wollongong Council is also reportedly assessing water and wastewater capacity for the potential inclusion of two further suburbs.

And looking to auctions, and the preliminary clearance rate for capital city auctions was just under 73 per cent for last week.

A decrease from the near 76 per cent recorded the week prior, Melbourne played host to the most auctions, while Sydney was not far behind.

Adelaide had the highest clearance rate at 87.8 per cent while Canberra had the lowest at 58.6 per cent.
– CoreLogic expects a similar level of activity over the coming week, with around 1,900 homes expected to be auctioned across the combined capital cities.

That’s Property Buzz for today.

See you again tomorrow, 17 April, for your daily dose of Property Buzz.

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