Auction listing numbers surge in Sydney, Melbourne

Auction listing numbers surge in Sydney, Melbourne
Auction listing numbers surge in Sydney, Melbourne

Auction listing numbers have surged in Sydney and Melbourne for the weekend with Domain's Andrew Wilson saying Sydney has the best early February choice of homes on record.

In Melbourne, more than 450 homes will be up for auction on Saturday, ahead of last weekend’s 192 listings.

He said Melbourne's west suburban region will host the most number of auctions (113) followed by the outer east with 69, and inner south 63, the south east  51, the north east 48, the inner city 45, the north 43 and the inner east with 26 auctions.

"The most popular suburb for auctions this weekend in Melbourne is St Albans with 11 followed by Cheltenham with 8, Brunswick 7 and a number of suburbs with 6 auctions scheduled including Hopper Crossing, Werribee, St Kilda, Frankston South and Blackburn," he said. 

"Sellers are flooding the early-season Sydney home auction market providing buyers with their best early February choice of homes on record.

"With market clearly gathering momentum, nearly 550 home are listed to go under the hammer on Saturday which will be predictably well ahead of the 228 auctioned last weekend and also significantly higher than the 358 listed over the same weekend last year.

"The inner west will host the most number of auctions with 73 closely followed by the upper north shore 71, the city and east 65, the south 56, the northern beaches 54, the lower north 41, the south west 38, the central coast 33, the west and Canterbury Bankstown each with 31, the north west 27 and the Blue Mountains with 2 auctions listed on Saturday.

"The most popular suburbs for auctions this weekend in Sydney are Dee Why and Manly each with 9 followed by Surry Hills 8, Randwick, Lane Cove and Alexandria with 6 each and a number of suburbs with 5 auctions listed including Castle Hill, Drummoyne, Wahroonga, Baulkham Hills, Peakhurst and Strathfield."

Tags: 
Residential Market Auction Numbers

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