Reservoir set to be the busiest auction suburb this weekend

Reservoir set to be the busiest auction suburb this weekend
Reservoir set to be the busiest auction suburb this weekend

The Melbourne suburb of Reservoir is host to the highest volume of auctions this weekend, with 12 homes set to go under the hammer, according to CoreLogic.

Next busiest are Brunswick, Craigieburn and Glen Waverley, also in Melbourne, with 9 scheduled auctions each.

This week, the number of auctions scheduled to take place across the combined capital cities is expected to rise, with 1,012 currently being tracked by CoreLogic, increasing from the 896 auctions held last week at final results.

Over the same week, last year a much higher 1,5936 auctions took place across the capital cities.

Both Melbourne and Sydney are expected to see an increase in activity this week, with 480 homes scheduled for auction across Melbourne, while Sydney is set to host 366 auctions, increasing on the 410 and 303 auctions held last week respectively.

Within the smaller auction markets volumes are set to be higher across Adelaide, unchanged in Canberra and lower across Brisbane, Perth and Tasmania over the week.

Reservoir set to be the busiest auction suburb this weekend

The busy auction weekend in Reservoir sees 6 Ida Court (pictured in title) offered.

The property going under the hammer is a three bedroom, one bathroom house with a price guide of $650,000 - $710,000.

Reservoir set to be the busiest auction suburb this weekend

Another example of the breadth of auctions taking place in Reservoir is 4/71 Summerhill Road (pictured above).

The property going under the hammer is a two bedroom, one bathroom townhouse with a price guide of $450,000 - $495,000.

Reservoir set to be the busiest auction suburb this weekend

A third property going to auction in Reservoir this week is 1/57 Yarra Avenue (pictured above).

The property going under the hammer is a two bedroom, two bathroom townhouse with a price guide of $650,000 - $715,000.

Tags: 
Auction Market Reservoir

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