Sydney, Melbourne weekend auction numbers well down: Andrew Wilson

Sydney, Melbourne weekend auction numbers well down: Andrew Wilson
Sydney, Melbourne weekend auction numbers well down: Andrew Wilson

Auction numbers in Sydney and Melbourne are well down ahead of this weekend with Domain's Andrew Wilson saying the drop is likely to drive intense competition amongst residential property buyers.

"Just over 650 homes are scheduled to go under the hammer this Saturday in Melbourne which will be well down on the 1047 conducted last weekend and also lower than the 909 listed over the same weekend last year," he said.

"Melbourne’s west will again be the most popular region for auctions on Saturday with 133 followed again also by the north east (98), the outer east (79), the north (72), the inner south (77), the north (72), the inner east (61), the inner city (54) the south east with (51) auctions listed this weekend.

"Glen Waverley, Epping and Reservoir will host the most suburban auctions this weekend each with 12 followed by St Albans (11), Thomastown (10), Craigieburn (9), and a number of suburbs with 8 auctions scheduled including Hopper Crossing, Richmond, Rowville and Brunswick West.

"Just over 450 homes are scheduled to go under the hammer this Saturday which will be well down on the 653 conducted last weekend and also lower than the 526 listed over the same weekend last year.

"Sydney’s inner west will be the most popular region for auctions again on Saturday with 70 followed by the south (56), the south west (47), the upper north shore (43), the city and east (41), the lower north (34), the Canterbury Bankstown and the northern beaches each (31), the north west (22), the north west (22), the central coast (17) and the Blue Mountains with 2 auctions listed on Saturday.

"Blacktown will host the most suburban auctions this weekend with 7 followed by Marrickville and Crows Nest each with 6 and a number of suburbs with 5 auctions listed including Ashfield, Beverley Hills, Carlingford, Surry Hills, Bankstown, Pyrmont, Kellyville and Leichhardt."

Tags: 
Property Sales Residential Auctions

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