Big test for auction numbers this weekend: Andrew Wilson

Big test for auction numbers this weekend: Andrew Wilson
Big test for auction numbers this weekend: Andrew Wilson

The upcoming weekend auction market in Sydney's will be another big test with nearly 700 auctions listed, up from last weekend's 543 according to Domain's Dr Andrew Wilson.

He said nearly 900 homes will be up for auction in Melbourne, nearly double last weekend’s 471 listings, with Melbourne's  west suburban region hosting the most number of auctions on Saturday with 156.

"This is followed by the inner south with 130, the inner city 123, the outer east 115, the inner east significantly higher this weekend with 111, the north east 100, the north 67 and the south east with 63 auctions listed on the weekend.

"The most popular suburb for auctions this weekend in Melbourne is Richmond with 18 followed by Glen Waverley with 16, Northcote and Hawthorn each with 14, Preston 13, St Albans and Craigieburn each with 12 and Mt Waverley and Armadale with 11 auctions each on Saturday.

"The Sydney auction market is now in full swing with a higher proportion of homes from inner suburban, higher-priced regions now looking for buyers.

"The city and east will host the most number of auctions with 108 followed by the upper north shore 98, the inner west 88, the northern beaches 63, the south 58, the lower north 56, the west 47, Canterbury Bankstown 45, the south west 39, the north west 28, the central coast 22 and the Blue Mountains with 1 auction listed for Saturday.

"The most popular suburb for auctions this weekend in Sydney is Randwick with 12 followed by Mosman 11, Manly and St Ives each with 9 and a number of suburbs with 8 auctions listed including Epping, Cronulla, Lindfield and Greenacre."

Tags: 
Auction Residential Property

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