Randwick set to be busiest weekend auction hotspot

Randwick set to be busiest weekend auction hotspot
Randwick set to be busiest weekend auction hotspot

The Sydney suburb of Randwick is set to be host to the highest volume of auctions this weekend.

It has eight properties set to go under the hammer, according to CoreLogic.

Pascoe Vale in Melbourne also has eight properties going to auction, followed by Reservoir, also in Melbourne, which has seven.

This week, the number of auctions scheduled to take place across the combined capital cities is expected to fall, with 789 currently being tracked by CoreLogic, down from the 953 auctions held last week at final results.

Both Melbourne and Sydney are expected to see a decrease in activity of 17% this week, with 322 homes scheduled for auction across Melbourne, while Sydney is set to host 297 auctions, decreasing on the 388 and 359 auctions held last week respectively.

The smaller auction markets will also see a lower volume of homes auctioned week on week with the exception of Brisbane where auction volumes are set for an increase.

Total auction volumes are also down on a year ago as this time last year a higher 1,178 homes went under the hammer across the combined capital cities over the same week.

Randwick set to be busiest weekend auction hotspot

The busy auction weekend in Randwick sees 36 Cook Street (pictured top) offered for sale.

The classic full brick 1890's Victorian terrace has four bedrooms and two bathrooms.

Randwick set to be busiest weekend auction hotspot

Another example of the breadth of auctions taking place in Randwick is 3/2 Ethne Avenue (pictured above).

The two bedroom, one bathroom apartment has a price guide of $725,000.

Randwick set to be busiest weekend auction hotspot

A third property going to auction in Randwick this week is 5/76 Wentworth Street (pictured above).

The three bedroom, one bathroom villa has a price guide of $620,000 to $670,000.

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Randwick Auction Volumes

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