Reservoir topples Richmond as Melbourne's busiest auction suburb

Reservoir topples Richmond as Melbourne's busiest auction suburb
Reservoir topples Richmond as Melbourne's busiest auction suburb

The Melbourne suburb with the most auctions was the large, middle northern suburb of Reservoir, with 284 auctions over the first six moths of 2014.

In second spot was Richmond with 241, though it tied in actual sales given a stronger clearance rate.

The two busiest suburbs reversed place on the first six months of last year, when Richmond topped the list and Reservoir was second, the REIV chief Enzo Raimondo said.

He said citywide there had been an "auction explosion" with 18,244 auctions so far this year.

TOP 10 HIGHEST NUMBER OF AUCTIONS (ALL METRO)

First half 2014

Reservoir topples Richmond as Melbourne's busiest auction suburb

TOP 10 HIGHEST NUMBER OF AUCTIONS (ALL METRO)

First Half 2013

Reservoir topples Richmond as Melbourne's busiest auction suburb

(Source REIV)

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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