Bumper weekend for Sydney, Melbourne home auctions

Bumper weekend for Sydney, Melbourne home auctions
Bumper weekend for Sydney, Melbourne home auctions

Melbourne's strong home auction market continues this weekend with just over 900 homes are scheduled to go to auction on Saturday, up from the 655 conducted last weekend, according to Domain's Andrew Wilson.

"Melbourne’s north east is the most popular suburban region for auctions this weekend with 148 followed by the west (137), the inner city (131), the inner east (130), the inner south (123), the outer east (109), the north (87) and the south east with 46 auctions.

"Reservoir is again the most popular suburb for auctions in Melbourne this Saturday with 18 followed by Preston 15, Mt Waverley, South Morang, Camberwell and Kew each with 13 and a number of suburbs with 11 auctions listed including Glen Waverley, Brighton and Glen Iris.

"Nearly 800 homes are scheduled to go under the hammer this Saturday in Sydney which will be significantly higher than the 458 conducted last weekend and also well ahead of the 505 listed over the same weekend last year.

"The upper north shore will host the highest number of auctions of the Sydney regions this weekend with 111 followed by the city and east (104), the inner west and the south each with 100, the south west 71, the lower north 67, the northern beaches 66, the west 57, Canterbury Bankstown 41, the north west 31, the central coast 21 and the Blue Mountains with just 1 auction scheduled this weekend.

"Mosman is the most popular suburb in Sydney this weekend for auctions with 13. 

"Next highest is Castle Hill with 11 followed by Marrickville, Ashfield, Randwick and Turramurra each with 9 and a number of suburbs with 7 auctions listed including Eastwood, Dee Why and Chatswood."

Tags: 
House Prices Residential Auctions

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