Melbourne weekend auctions nudge over 250: Andrew Wilson

Melbourne weekend auctions nudge over 250: Andrew Wilson
Melbourne weekend auctions nudge over 250: Andrew Wilson

Melbourne will hold just over 250 auctions this weekend, down from last Saturday’s 1182 listings and down from the 342 auctions for the same weekend last year according to Domain's Andrew Wilson.

He said the west suburban region of Melbourne will again host the most number of auctions on Saturday with 62.

"This is followed by the outer east 41, the north 29, the north east and the inner east each with 28, the inner city and the south east each with 22 and the inner south with 19 auctions listed on the weekend," he said.

"The most popular suburb for auctions this weekend in Melbourne is Craigieburn with 8 followed by Hopper Crossing 6, Glen Waverley, St Albans and Burwood each with 5 and Reservoir, Glenroy and Brunswick East, Melbourne and Altona North each with 4 auctions each on Saturday.

"Melbourne recorded a clearance rate of 80.6 percent last Saturday which was slightly lower than the 82.4 per cent recorded the previous weekend but remained well ahead of the 75.4 percent recorded over the same weekend last year.

"Despite the lower result, Melbourne has now recorded consecutive weekend rates above 80 per cent for the first time since June 2015 – a clear indication of the underlying strength of the local market."

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Auctions Melbourne

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