October auction volumes rebound from long weekend property hiatus

Staff reporterOctober 7, 20200 min read

There are 1,160 auction scheduled across Australia this weekend, up from just over 700 during last weeks long weekend, according to SQM Research data.

They found auction volumes in Sydney are set to reach 739, with the busiest suburbs being Mosman, St Ives, Surry Hills (11), Paddington (12) and Wahroonga (14).

Melbourne's auction numbers remain strikingly low at just 64 this weekend. This is lower than some of the generally 'smaller' auction markets with Brisbane reaching 85 and Canberra barely squeezing out ahead at 68 scheduled auctions.

Across the other auction markets Adelaide is host to 45 auctions this weekend while Darwin has just one and Hobart zero.

Darwin is the only capital city with more auctions scheduled for the rest of the week than for Saturday, according to SQM which noted that they have 4 properties set for the hammer later next week.

One property set for auction in this weekend's busiest suburb is 49 Grosvenor Street, Wahroonga, (pictured in title).

The six bedroom, five bathroom abode sits on a 1,900 sqm block of land.

This custom-designed tri-level residence is described as the "epitome of a luxury lifestyle".

Another example of the spread of properties set for auction in Wahroonga is 515/2C Munderah Street (pictured above).

The two bedroom, two bathroom apartment is located on the first floor of the Lexington.

It comes with a $775,000 price guide.

Staff reporter

Auctions Volumes
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