Sydney, Melbourne auction numbers dip for weekend

Sydney, Melbourne auction numbers dip for weekend
Sydney, Melbourne auction numbers dip for weekend

Sydney auction numbers are down for this weekend with the second week of April preparing for a 'record flood' of listings, according to Domain's Dr Andrew Wilson.

He said nearly 800 homes will go under the hammer this Saturday which is well ahead of the 538 auctioned over the same weekend last year.

"The upper north shore will again host the most number of auctions on Saturday with 121 followed by the inner west 106, the city and east 91, the south 88, the lower north 81, the northern beaches 73, the west 70, Canterbury Bankstown 49, the south west 39, the north west 35, the central coast 26 and the Blue Mountains with 5 auctions listed for Saturday," he said.

"The most popular suburbs for auctions this weekend in Sydney are Mosman, Ryde anSd Baulkham Hills each with 10 followed by Manly and Blacktown each with 8 and a number of suburbs with 7 auctions listed on Saturday including Marsfield, Auburn, Neutral Bay and Darlinghurst.

"Auction numbers in Melbourne’s strong and steady home auction market will be down this weekend with many buyers and sellers distracted by the commencement of the school holidays.

"Despite the holiday pause, a significant volume of homes will still go under the hammer on Saturday providing hungry buyers with a reasonable choice of listings.

"Well over 900 homes are scheduled for auction which although significantly lower than last Saturdays total of 1351 auctions, remains well ahead of the 482 conducted over the same weekend last year.

"Melbourne’s western suburbs is again top of list for auction numbers this weekend in Melbourne  with 153 followed by the inner city 138, the north east 130, the inner south 116, the outer east 111, the inner east 109, the north 91 and the south east 62.

"Most popular suburb for auctions in Melbourne this weekend is Reservoir with 15 followed by Elwood 14, Kew and Mount Waverley each with 13, Brunswick 12, Toorak 11 and a number of suburbs with 10 auctions scheduled including Glen Waverley, Craigieburn, Moonee Ponds and Epping."

Tags: 
Auctions Residential Sales

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